Mexican Media Brands
German Business Optimism Sours
The business confidence of German executives slid in April, marking the second consecutive month-on-month decline, says the Munich-based Ifo Institute.
#economics
Share
The business confidence of German executives slid in April, marking the second consecutive month-on-month decline, says the Munich-based Ifo Institute.
Ifo's business climate index fell to 104.4 from 106.7 in March. Gauges of current conditions and the six-month outlook also dropped.
A majority of respondents assess their current situation as good, but they are far more cautious than last month, according to the institute. It says executives of manufacturers were significantly more pessimistic about the business climate.
Analysts say Ifo's report worried other eurozone countries, which have been counting on Germany's usually resilient economy to lead the region out of recession.
Economists say signs of weakening in Germany add to the likelihood that the European Central Bank will lower key interest rates when its policymakers meet next week.
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.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.