German Business Confidence Rises to Record High

A survey shows that business confidence in Germany has risen to another record high as managers’ view of both their outlook and their current situation brightens.

The Ifo institute said Monday that its monthly confidence index was up to 115.1 points for June from 114.6 in May, the previous record.



The Ifo’s index is calculated on the basis of firms’ views of both the current situation and the outlook for the next six months. Both elements rose in June.

The Ifo surveys some 7,000 companies for its index.

The German economy, Europe’s biggest, grew by 0.6 percent in the January-March period compared with the previous quarter. It appears to be on course for another strong performance in the current quarter.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza