June Zew economic sentiment index rose from 36.4 to 38.5 beating market consensus at 38.2. It is a sign that German economy could improve at year-end.
With regards to the perspectives of German economy, the focus is now on business confidence indices: PMI manufacturing index due on Thurday 20th and IFO business confidence index due on Monday 24th. The indices should remain almost unchanged compared to the previous month (at 49.9 and 105.7 respectively), in line with a moderate growth rate for the industrial sector in Q3.
With regards to the perspectives of German economy, the focus is now on business confidence indices: PMI manufacturing index due on Thurday 20th and IFO business confidence index due on Monday 24th. The indices should remain almost unchanged compared to the previous month (at 49.9 and 105.7 respectively), in line with a moderate growth rate for the industrial sector in Q3.
Nessun commento:
Posta un commento