{"id":43402,"date":"2013-10-25T08:22:43","date_gmt":"2013-10-25T12:22:43","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=43402"},"modified":"2013-10-25T08:22:43","modified_gmt":"2013-10-25T12:22:43","slug":"germany-ifo-business-climate-drops-below-estimates","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/10\/25\/germany-ifo-business-climate-drops-below-estimates\/","title":{"rendered":"Germany Ifo Business Climate Drops Below Estimates"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Germany Ifo business climate index came in lower than forecasted in October, the survey released by the Institute for Economic Research confirmed on Friday.<\/p>\n

Reading for the current assessment survey came in at 111.3 points, compared the previous month\u2019s reading of 111.4.The expectations survey showed that businesses forecasts for the next six months came in at 103.6 point against the forecasted 104.5 and the previous month\u2019s reading 104.2.<\/p>\n

A series of business surveys was widely watched by investors as an early indicator of Germany\u2019s economic developments.<\/p>\n

The readings were based on approximately 7000 monthly responses from surveys taken by firms in wholesaling, retailing, construction and manufacturing.<\/span><\/p>\n

Germany Ifo – Manufacturing, Service PMI<\/span><\/h2>\n

On Thursday, the manufacturing and service data were released and showed mixed results in October- showing the manufacturing sector expanded for the fourth consecutive month, while the service sector indicated a decline in the sector.<\/p>\n

The Purchasing Managers\u2019 Index (PMI) for Germany\u2019s manufacturing sector advanced to 51.5 points in October, compare to September\u2019s final reading of 51.1 point, according to the preliminary reading released by Markit Economic. Analysts forecasted the figure for the sector to come in at approximately 51.4. The Manufacturing PMI climbed to a two month high in October.<\/p>\n

The respective flash reading for the German services sector saw a decline of 52.3 in October , compared to the previous reading of 53.7 in September , dropping to a two-month low.<\/p>\n

Germany is still going through coalition talks between the ongoing Chancellor Angela Merkel\u2019s Union of CDU\/CDU and the opposition Socialists from SPD.<\/p>\n

The third-round talks that was held in Berlin, rounded-up with an agreement to enter official coalition negotiations last week. Some of Angela Merkel\u2019s main priorities in the third term include sending the Eurozone\u2019s crises, trimming-down costs of Germany\u2019s Energiewende and dealing with problem of the country\u2019s population etc.<\/p>\n

 <\/p>\n

Interested in trading In the European Market?<\/i><\/strong><\/p>\n

Visit<\/i>\u00a0<\/i>www.hymarkets.com\u00a0<\/i><\/a>and find out how you can start trading today with only $50.<\/i><\/strong><\/p>\n

The post Germany Ifo Business Climate Drops Below Estimates<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Germany Ifo business climate index came in lower than forecasted in October, the survey released by the Institute for Economic Research confirmed on Friday. Reading for the current assessment survey came in at 111.3 points, compared the previous month\u2019s reading of 111.4.The expectations survey showed that businesses forecasts for the … <\/p>\n

Continue reading “Germany Ifo Business Climate Drops Below Estimates”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-43402","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=43402"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43402\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=43402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=43402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=43402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}