Morale hits record high in Germany

first_img whatsapp Monday 21 February 2011 8:13 pm Share Tags: NULL Show Comments ▼ KCS-content whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live GERMAN business confidence surprised observers by rising to another record high in February, the well regarded Ifo index showed yesterday.The measure of business climate in the Eurozone powerhouse upticked to 111.2, from 110.3 last month. It marked the ninth straight month of private sector pick up, and bodes well for German GDP.“After its winter dip, the German economy should return to above-trend speed very soon,” said ING’s Carsten Brzeski. “The economy will continue to fly high this year. Due to the well-balanced export mix, foreign trade will remain an important growth driver.”Manufacturing was the strongest sector according to the Ifo survey, mirroring results from Markit’s purchasing managers’ index (PMI), also released yesterday.Factory sector PMI struck a record high of 62.6 in February, according to the mid-month “flash” estimate.And the whole German private sector scored its highest rate of growth for over four-and-a-half years, reaching 61.5. PMI scores over 50 indicate economic expansion.“Today’s results confirm our view that German real GDP growth should account for at least one per cent quarter on quarter for the first three months of 2011,” Frank Engels of Barclays Capital. Meanwhile, French PMI also rose, to a six month high of 59.5. However, the rise was driven by an increase in service sector activity, with jumped over the 60 mark (from 57.8), a seven month high.“The two biggest economies of the Eurozone, accounting for around half of overall euro area GDP, are going strong,” said Ken Wattret of BNP Paribas. Morale hits record high in Germany last_img read more