the company assess the economic situation in the light of the many stress factors tend to be skeptical, and they expected the experts. Also, the Dax reacts taken to the new Ifo-Index. The is however, have been even worse than I thought.
It is the fourth decline in a row, The Ifo Index fell from 102,0 to 101.0 points. The 9,000 companies surveyed managers consider that the situation is also much worse than in November of the corresponding sub-index slipped from 105.4 to 104.7 counter. And the expectations component shows a decline of 98.7 to 97.3 points, the most significant decrease. All the values were even worse, as a people, this hosts for the December Index had predicted.service providers and industry pessimistic
"this year, the mess is for the German economy is lean," said Ifo President Clemens Fuest. The executives assessed their current business situation this time is worse, as well as the prospects for the next six months. The Ifo Institute has already lowered its economic forecasts for Germany. The gross domestic product is expected to grow in the year to 1.5 percent in 2019, even by only 1.1 percent. So far, they were assumed to be 1.9 percent. The problems of the auto industry with the new emission standard of measurement to dampen currently the economy, as uncertainties such as the Brexit, the budget dispute in Italy and the US trade policy.
According to Fuest, the expectations of the enterprises in the Manufacturing sector are for the first time in may 2016 in a negative assessment of the area arrived. Also in the service sector has cooled after that, the business climate significantly. The propensity to consume of Germans, apparently, before Christmas, was less pronounced than in previous months.Only, construction is buzzing
Only the construction seems to be currently in "good climate". The business climate in the construction industry will continue to remain on "very high level". Economists such as Uwe Burkert from LBBW to see in the new data "a further severe blow to the end of the year". The Story, according to which, the third quarter was just a slip of the tongue, will worthy to increasingly far-fetched.
for More course information to the Dax
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information about Gold in US dollars
The Dax level after the announcement of the data is approximate. The Index had, however, to the days before again severe setbacks suffered. The Euro was in the morning little changed at 1,1370 dollars.
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