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In July, the Ifo index broke another record maximum, demonstrating that the strong revival of German economy will move on.
The Ifo index, Germany’s most prominent leading indicator, added for the sixth month in a row, hitting another all-time maximum in July. It’s currently showing 116.0, soaring from June’s outcome of 115.1. Both the hopes and current assessment component demonstrated a drastic improvement.
The given acceleration in the German economy is not only the outcome of sturdy private as well as public consumption, but it’s also provoked by a sudden industrial recovery and stronger investment. Nearly unnoticed, the industry has shifted from being sluggish to surprisingly buoyant.
It feels like investment might pick up over the course of 2017. In fact, the combination of firm orders and low inventories appears to be as positive as in mid-2006 and also late-2010. Meanwhile, capacity utilization has leapt to the highest value since late 2008.
In 2017, Spanish GDP per capita at purchasing power parity managed to surpass Italy’s one for the first time since 1998, as follows from a report issued by the International Monetary Fund…
In Japan, consumer prices excluding fresh food, which is the major inflation indicator, closely watched by the country's major financial institution, headed north by approximately 0…
Active lending to companies, soaring consumer spending along with the improving labor market – all of this indicate that the US economy will keep surging, with the only negative factor being the risk of a trade conflict, as the Federal Reserve informed…
On Monday, the euro drifted away from peaks reached in the Asian session because market participants took profits from its revenues after centrist Emmanuel Macron's win over the far-right Marine Le Pen in France's presidential election…
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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