The mood in the boardrooms of the German economy has clouded over in April, surprisingly. In March, hope was yet to come, that Germany's economy, the current Delle leaves but faster than feared.
The Barometer of the business climate fell to 99.2 points of 99.7 counters, such as the Munich-based Ifo Institute announced on Wednesday its monthly survey. Economists had expected an increase to 99.9 points after it had given in March, the first Plus after six declines in a row.
"The German economy continues to lose steam," said Ifo President Clemens Fuest. The managers evaluated their business situation as poor, as well as the prospects for the next six months. The German economy, maues year threatens to 2019.Above all, the industry suffers
In Manufacturing, the deterioration in the business climate according to Ifo, "noticeably". The companies consider their current situation, therefore, "worse", also with a view to the coming months of pessimism. In the services sector, the Index rose slightly, mainly due to more optimistic expectations.
In trade, the companies assess the current situation as very well - adjusted their expectations for the coming months but down. In the construction industry, however, best mood: The construction companies are, according to the Ifo with your already very good business situation, "significantly more satisfied". However, the doubts, whether the boom will continue on the construction, too, might grow here.to expect no revival
As the largest burden for the German economy, the export dependence of many companies. The Federal government expects this year with a rise in the gross domestic product of 0.5 percent. In 2018, it had reached 1.4 percent. In 2020, an increase of 1.5 per cent should be possible.
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For Patrick Boldt, economist at Helaba, the mood barometer disappointing. Economic Concerns would not be thus subdued. Values negative is that the expectations component has fallen. A significant revival of economic momentum, not draw, therefore, first of all. In the medium term, but expect a recovery in the overall economic activities. The ZEW survey would, for example.the most Important mood barometer
The Ifo business climate is the most important mood barometer for the German economy. It results from the survey by approximately 9,000 companies. The indicator is considered to be relatively accurate, the future economic development in Germany to predict. Disappointing economic data from Germany and France had recently stoked more fears of an abrupt end of the good economy.
lgsource: boerse.ard.de Atlas |Germany |Munich / Germany Dax stalking further ahead of the Ifo Index falls unexpectedly on Ebay, that's getting better and better