German recovery loses momentum

Author (Person)
Series Title
Series Details 25.9.09
Publication Date 25/09/2009
Content Type

Article reports that Germany’s economic recovery was possibly losing momentum, with business confidence rising less than expected in September 2009, according to a closely watched survey that highlights the fragility of continental Europe’s return to growth.

The Munich-based Ifo institute reported its business climate index rose from 90.5 in August to 91.3 in September. That was the highest reading since September 2008, when Lehman Brothers collapsed in the US. But it fell short of economists’ expectations, suggesting some of the recent optimism about Europe’s largest economy may have been overdone.

Related Links
Deutsche Welle, 25.9.09: German consumer mood continues to improve http://www.dw-world.de/dw/article/0,,4722676,00.html
GfK website http://www.gfk.com/
GFK: Press Release, 25.9.09: A confident start to autumn in Germany http://www.gfk.com/group/index.en.html
ESO: Background information: German business confidence surges http://www.europeansources.info/record/german-business-confidence-surges-germany-sees-business-mood-brighten/
http://www.cesifo-group.de/portal/page/portal/ifoHome/a-winfo/d1index/10indexgsk http://www.cesifo-group.de/portal/page/portal/ifoHome/a-winfo/d1index/10indexgsk
Deutsche Welle, 24.9.09: German business sentiment improves ahead of polls http://www.dw-world.de/dw/article/0,,4719949,00.html

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