Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

German Ifo business confidence up again

BERLIN, Jun 22 – German business confidence jumped in June, the closely watched Ifo index showed on Monday, hitting its highest level since November.

Ifo\’s business climate index rose for a third straight month to reach 85.9 points, well ahead of market expectations for 85.3 points and up from a revised 84.3 points in May, it said.

The Ifo institute said that while firms\’ dissatisfaction with the current business situation was just as strong as it was in May, the survey results "confirm that the German economy is gradually stabilising."

Jennifer McKeown at Capital Economics called the survey "encouraging" but said any pick-up in activity in Europe\’s biggest economy "might be some time coming."

McKeown said she expects the German economy to contract at least six percent this year and to stagnate in 2010.

Ifo questions around 7,000 firms in manufacturing, construction, wholesaling and retailing for its monthly survey.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...