BERLIN, Oct 25 - Morale among German businesses edged up for the first time in six months in October, a leading survey showed on Wednesday, but their mood remained subdued and economists say a second recession inside a year still seems likely.
Ifo president Clemens Fuest said Wednesday's reading showed the economy, which shrank in the last quarter of 2022 and the first quarter of 2023,"can see a silver lining ahead.""It's difficult to see a ray of hope," said Alexander Krueger, chief economist at Hauck Aufhaeuser Lampe Privatbank, forecasting a recession in the second half of the year.
Joerg Kraemer, chief economist at Commerzbank, also suggested a recession was on the cards, with the low level of the Ifo index pointing to a second half contraction. 'WORSE PICTURE THAN PMI' Sentiment among German managers improved in manufacturing, services and construction, while it declined in trade, the Ifo survey showed.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Stock market today: Wall Street drifts lower as pressure rises from the bond marketNEW YORK (AP) — Wall Street is drifting lower in early trading as pressure from the bond market continues to build. The S&P 500 was down 0.5% early Monday. The Dow lost 171 points, and the Nasdaq composite was off 0.6%.
Läs mer »
US futures rise amid earnings deluge, with big techs to come: Stock market news todayEyes are on results from Microsoft and Alphabet, the highlights in an avalanche of earnings reports on Tuesday.
Läs mer »
Stocks rise amid earnings deluge, with big techs to come: Stock market news todayStocks rose as investors await results from Microsoft and Alphabet, the highlights in an avalanche of earnings reports Tuesday.
Läs mer »
Stocks rise amid earnings deluge: Stock market news todayStocks rose as investors awaited results from Microsoft and Alphabet, the highlights in an avalanche of earnings reports Tuesday.
Läs mer »
Stocks rise amid earnings deluge, with Big Tech to come: Stock market news todayStocks rose as investors awaited results from Microsoft and Alphabet, the highlights in an avalanche of earnings reports Tuesday.
Läs mer »
Stock market news today: Nasdaq, S&P 500 futures fall as Alphabet casts cloudThe Google parent's cloud business fell short in its earnings, spreading some gloom for megacaps already under pressure from rising yields.
Läs mer »