Saturday, November 29, 2014   

German investor sentiment hits 20-month low in August
(08-12 18:00)

Investment sentiment in Germany fell to its lowest level in nearly two years in August amid concerns about the economic fallout from current global crises, a survey found on Tuesday.
The widely watched investor confidence index calculated by the ZEW economic institute fell by 18.5 points to 8.6 points in August, its lowest level since December 2012, it said in a statement.
Analysts had been projecting a shallower drop to 18 points this month.
"The decline in economic sentiment is likely connected to the ongoing geopolitical tensions that have affected the German economy by now,'' ZEW said.
The institute did not elaborate further, but the German economy ministry said in a report earlier that the Russia-Ukraine crisis is taking its toll on Europe's top economy, as well as the turmoil in the Middle East.
"In particular, current figures on industrial production and incoming orders suggest markedly reduced investment activities on the part of German firms against the backdrop of uncertain sales prospects,'' the statement continued.
"Since the economy in the eurozone is not gaining momentum either, the signs are that economic growth in Germany will be weaker in 2014 than expected.''
For the survey, ZEW questions analysts and institutional investors about their current assessment of the economic situation in Germany, as well as their expectations for the coming months.
The sub-index measuring financial market players' view of the current economic situation in Germany fell by 17.5 points to 44.3 points in August, its lowest level since January.
A frequent criticism of the ZEW index is that it can be volatile and is therefore not particularly reliable. --AFP   
Other Business breaking news:
US shoppers go in for the kill on 'Black Friday' (11-28 17:07)
European stocks open mixed (11-28 16:46)
EU gives time to rule-breaking France, Italy on budget (11-28 16:44)
Hang Seng ends flat (11-28 16:42)
Hang Seng dips in morning session (11-28 12:10)
Nikkei up by break (11-28 12:09)
Lackluster Japan data paints gloomy picture for Abenomics (11-28 11:40)
OPEC move to keep oil output target sparks price slump (11-28 11:33)
German labor market unfazed by economic weakness (11-27 18:52)
China Internet giants in tit-for-tat battle for users (11-27 18:28)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.