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
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future