German business confidence rises sharply - #economy #recovery


	German business confidence rises sharply - #economy #recovery

JICWyllie

8-26-2009 5:55 AM

45 views

tags:

1-confidence, 1-growth, 1-recovery, 2-increase, 3-reported, 4-germany

JICWyllie says:

It is interesting that German business sentiment was so positive a year ago, too, just before the worst quarter on record.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2275a149-698d-4722-a58d-dc9d20b9333b/8201EEE2-E2D5-4F01-A21C-E4DD51E307E3/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/55658e7c-921d-11de-b63b-00144feabdc0.html?nclick_check=1" href="http://www.ft.com/cms/s/0/55658e7c-921d-11de-b63b-00144feabdc0.html?nclick_check=1" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/55658e7c-921d-11de-b63b-00144feabdc0.html?nclick_check=1"><P>BERLIN - German business sentiment rose strongly in August to hit its highest level in nearly a year, a closely-watched survey showed on Wednesday, adding to signs that Europe’s largest economy is emerging quickly from recession. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/55658e7c-921d-11de-b63b-00144feabdc0.html?nclick_check=1"><P>The Ifo think tank said its business climate index, based on a monthly poll of some 7,000 firms, rose to 90.5 from an upwardly revised 87.4 in July. A Reuters poll of 45 economists had pointed to a reading of 88.9. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/55658e7c-921d-11de-b63b-00144feabdc0.html?nclick_check=1"><P>”After the positive (economic) growth rate in the second quarter, the upturn will most likely firm up. We’re expecting robust growth rates in the second half of the year,” he added. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/55658e7c-921d-11de-b63b-00144feabdc0.html?nclick_check=1"><P>News of the rise in sentiment followed a report on Tuesday which showed Germany exited recession in the second quarter, despite a massive drop in inventories, and that restocking by firms could spur the economy to faster growth. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/55658e7c-921d-11de-b63b-00144feabdc0.html?nclick_check=1">German firms have reported signs of a stabilisation in business as the economy emerges from its deepest post-war recession,</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8201EEE2-E2D5-4F01-A21C-E4DD51E307E3/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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