{"id":44262,"date":"2023-11-27T17:39:03","date_gmt":"2023-11-27T17:39:03","guid":{"rendered":"https:\/\/hg-businessconsulting.com\/?p=44262"},"modified":"2023-11-27T17:39:03","modified_gmt":"2023-11-27T17:39:03","slug":"german-business-sentiment-improves-in-november","status":"publish","type":"post","link":"https:\/\/hg-businessconsulting.com\/economy\/german-business-sentiment-improves-in-november\/","title":{"rendered":"German Business Sentiment Improves In November"},"content":{"rendered":"

Business confidence in Germany improved for the third month in a row in November signaling that the largest euro area economy<\/span> is stabilizing at a low level, survey results from the Munich-based ifo Institute showed Friday.<\/p>\n

The business<\/span> climate index rose to 87.3 in November from 86.9 in October. The reading was seen at 87.5. <\/p>\n

Companies assessed their current business situation as somewhat better and their expectations for the coming months turned less pessimistic. <\/p>\n

The current situation indicator rose to 89.4 from 89.2 in the previous month. This was slightly below economists’ forecast of 89.5.<\/p>\n

At the same time, the expectations indicator improved to 85.2 from 84.8 a month ago. The score was expected to rise more markedly to 85.7. <\/p>\n

Data released earlier in the day showed that the economy shrank 0.1 percent quarterly in the third quarter, offsetting the 0.1 percent rise in the second quarter. <\/p>\n

The Bundesbank forecast the German economy to shrink again in the fourth quarter before undergoing a slight increase in economic output in the first quarter of 2024. <\/p>\n

Capital Economics’ economist Bradley Saunders said the ifo survey does not change the assessment that GDP will contract again in the fourth quarter and will remain in near-recession conditions in the first half of 2024 too. <\/p>\n

ING economist Carsten Brzeski said the ifo survey points to a bottoming out of the German economy, rather than an imminent rebound.<\/p>\n

In manufacturing, the business climate rose markedly, the ifo Institute said. <\/p>\n

Companies were more satisfied with their current business and their skepticism regarding the months ahead reduced noticeably. <\/p>\n

Business confidence among service providers worsened a little.<\/p>\n

Service providers assessed their current situation as somewhat less good. Moreover, they adjusted their expectations slightly downward. <\/p>\n

Business confidence in trade strengthened notably. The indicators for the current situation as well as for expectations improved. <\/p>\n

This was particularly evident in wholesale, while retailers have rather low expectations for their Christmas business. <\/p>\n

In construction, the business climate index rose in November. Companies assessed their current business as somewhat better and expectations improved. <\/p>\n

Despite this, sentiment in construction remains extraordinarily negative overall, the survey showed. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Business confidence in Germany improved for the third month in a row in November signaling that the largest euro area economy is stabilizing at a low level, survey results from the Munich-based ifo Institute showed […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nGerman Business Sentiment Improves In November - hg-businessconsulting<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hg-businessconsulting.com\/economy\/german-business-sentiment-improves-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German Business Sentiment Improves In November - hg-businessconsulting\" \/>\n<meta property=\"og:description\" content=\"Business confidence in Germany improved for the third month in a row in November signaling that the largest euro area economy is stabilizing at a low level, survey results from the Munich-based ifo Institute showed […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hg-businessconsulting.com\/economy\/german-business-sentiment-improves-in-november\/\" \/>\n<meta property=\"og:site_name\" content=\"hg-businessconsulting\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-27T17:39:03+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/hg-businessconsulting.com\/#website\",\"url\":\"https:\/\/hg-businessconsulting.com\/\",\"name\":\"hg-businessconsulting\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/hg-businessconsulting.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/hg-businessconsulting.com\/economy\/german-business-sentiment-improves-in-november\/\",\"url\":\"https:\/\/hg-businessconsulting.com\/economy\/german-business-sentiment-improves-in-november\/\",\"name\":\"German Business Sentiment Improves In November - 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