Endnu en indikation på, at den europæiske centralbank ikke vil træde særligt hårdt på speederen med nye pengepolitiske stimuli:
Fra tyske IFO:
The Ifo Business Climate Index for German industry and trade rose considerably to 109.0 points in November from 108.2 points in October. Assessments of the current business situation improved. Optimism with a view to future business developments also continued to increase for the third consecutive month. The German economy remains unaffected by growing uncertainty worldwide. Not even the Paris attacks had a negative impact on survey data.
In manufacturing the business climate index rose after a three-month decline. Manufacturers were more satisfied with their current business situation than last month. Optimism about the short-term future also reached its highest level since March. Production will be ramped up in the months ahead. The sub-index for the automotive sector continued to rise despite the emissions scandal.
In wholesaling the business climate index rose to its highest level since January 2014. Wholesalers were more satisfied with both their current business situation and their six-month business outlook than last month. In retailing, by contrast, the business climate index fell. While very good assessments of the current business situation were only scaled back marginally, retailers were markedly less optimistic about the months ahead than previously.
In construction, the business climate index rose to its highest level since German reunification. This was primarily due to far better assessments of the current business situation. Expectations remained unchanged at a very high level and just below the record high reached in February 2007.
Hans-Werner Sinn
President of the Ifo Institute
Ifo Business Climate Germany (Index)
Business Situation and Expectations by Sector (Balances)
Ifo Business-Cycle Clock Manufacturing Industry
Ifo Business-Cycle Clock Industry and Trade
Time series
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