German business morale improves despite virus uptick

A crowded party ship cruises over the river Main in Frankfurt on Sept 18.

The Ifo institute’s monthly barometer rose to 93.4 points from a seasonally adjusted 92.5 points in August, marking the fifth consecutive month in which sentiment rose.“The German economy is stabilising despite rising infection numbers,” said Ifo President Clemens Fuest. The Ifo index dived to a record low in April when Germany’s coronavirus restrictions closed factories and shops, before starting to pick up the following month as business activity gradually resumed.

“In the final quarter, there will probably be setbacks again,” said Uwe Burkert, economist at LBBW bank. “But all in all, we have so far come through the pandemic better than was feared in March or April.”

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Futures rise ahead of business activity data; Nike shines | Malay MailSEPT 23 — US stock index futures rose today ahead of data that would throw light on the pace of an economic recovery from a coronavirus-driven recession, while Nike was set for a record open after a stunning quarterly earnings report. Shares of the world’s largest athletic shoe maker surged...
Source: malaymail - 🏆 1. / 86 Read more »

Singapore to trial business traveller pass as virus curbs ease | Malay MailSINGAPORE, Sept 23 — Singapore will pilot a new travel pass for senior executives in the city-state who need to travel regularly for business, authorities said today, as they further eased some coronavirus-related restrictions. The number of passes will be limited initially, and travellers must...
Source: malaymail - 🏆 1. / 86 Read more »

Singapore to trial business traveller pass as virus curbs easeUpon return, pass holders must self-isolate instead of undergoing the mandatory 14-day quarantine. FMTNews Singapore
Source: fmtoday - 🏆 5. / 72 Read more »