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German business confidence hits 15-year high

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German business confidence hits 15-year high

Postby michalis5354 » Sat Apr 29, 2006 11:42 am

Business confidence in Germany rose to its highest level in 15 years in April, underlying the robustness of the ongoing recovery of Europe's biggest economy.

The German Ifo institute's confidence index rose to 105,9 the highest in 15 years, from 105.4 in March.Economics surveyed had expected a drop to 104.8 "After already rising sharply for fourth months in a row,the ifo business climate index rose slightly again in April. This points to an ongoing robust economy" said G Flaig.

For its monthly survey, ifo polls around 7,000 companies about their assessment of current business and their expectations for the next six months.


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Postby cypezokyli » Sun Apr 30, 2006 12:08 pm

emm
interesting...but i cannot really say sth more.
what exaclty is the confidence index ? on what parameters does it depends upon.
but in any case , if german business/ businessmen feel confident - hopefully we ll see the result on the job market.
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Postby michalis5354 » Sun Apr 30, 2006 1:18 pm

This index gives estimates on Companies expectations on future economic results . The higher the index the higher the confidence among companies on future financial results.

For more precise explantion see this link www.deloitte.com/dtt/section_node/0,104 ... 40,00.html


The BCI survey also covers matters of importance to the business sector, including:

Monthly inflation figures and interest rates
Performance and expectations on sales figures and foreign investment
Analysis of the labor supply and demand
Topics of current interest concerning the country’s political, economic and social situation


For sure the job market will reflect this!
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Postby cypezokyli » Sun Apr 30, 2006 1:59 pm

i am not that sure michael.
the last years the big german companies all showed profits while they were laying off people.
so i am not sure what a business man means when he sais : i am confident. :wink:
i do hope oyu are right though
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Postby michalis5354 » Sun Apr 30, 2006 11:01 pm

The index is just an index based on the sample selected. I does not represent all the companies of course. It is like the share index ; when goes up does not mean that all shares have moved up!

When a businessman is confident means that he is more likely to employ more staff , create more jobs , invest etc.
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