wrapper

German business morale falls more than expected in February

Thursday, Feb 22 2018
German business morale falls more than expected in February

German business confidence fell more than expected in February while remaining at a high level, a survey showed on Thursday, suggesting that Europe’s biggest economy is set for solid growth in the first quarter of this year. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, fell to 115.4 from 117.6 in January.

The February reading undershot expectations in a Reuters consensus forecast of analysts who had forecast a dip to 117.0. Ifo chief Clemens Fuest said companies were less satisfied with their current business situation, but the indicator still was at its second-highest level since 1991. “This signals economic growth of 0.7 percent in the first quarter,” Fuest said.

More in this category: « Fed Minutes: Worries on inflation and wage growth UK GDP grew by 0.4% in Q4 »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.