Mexican Media Brands
Economic Sentiment Revives in Germany
Financial experts in Germany have turned more optimistic about the country’s economy, according to the closely watched ZEW Indicator of Economic Sentiment.
#economics
Share
Financial experts in Germany have turned more optimistic about the country’s economy, according to the closely watched ZEW Indicator of Economic Sentiment.
The U.K.’s vote in June to exit the EU caused ZEW’s index to plunge 26 points to a 44-month low of minus 6.8 in July. The indicator regained 7.3 this month to move half a point into positive territory. The index was above 50 at the beginning of last year.
A separate ZEW index of confidence in the future of the eurozone’s economy jumped 19.3 points in August to 4.6, partially reversing a nearly 40-point dive in July.
Economic research center says the uptick reflects partial recovery from the Brexit shock. But the group cautions that lingering worries political risks in the region, and the resiliency of the EU banking sector, will continue to mute the economic outlook.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.
-
Auto vs. Tech: Guess Who Wins
Matthew Simoncini, president and CEO of Lear Corp., provided some fairly compelling figures this week at the CAR Management Briefing Seminars that show just how out-of-whack the valuations of tech companies are vis-à-vis auto companies.