Recent Updates
- Turkey: Short Term External Debt (Aug)
- Austria: CPI, HICP (Sep-Press)
- Germany: Turnover in Hotels and Restaurants (Aug)
- Finland: Bankruptcy Filings (Sep)
- Estonia: Nonresidential Permits and Construction, Dwelling Permits & Completions (Q3), Motor Vehicle Registrations (Sep); Kazakhstan: Foreign Trade, Export by Commodity (Aug); Ukraine: Production of Main Agricultural Products (Sep)
- Japan: Visitor Arrivals (Sep-Prelim), Construction Works Put in
- more updates...
Economy in Brief
U.S. Home Builder Index Improves, but Remains Below Last Year's High
The Composite Housing Market Index from the NAHB-Wells Fargo inched up during October to 68 from an unrevised 67 in September...
U.S. JOLTS: Job Openings Rate Hits Another Record
The Bureau of Labor Statistics reported that the total job openings rate rose to a record 4.6% in August...
U.S. Gasoline and Crude Oil Prices Ease; Natural Gas Prices Increase
Gasoline prices slipped to an average $2.88 per gallon last week (+15.7% y/y)...
Macroeconomic Assessments by ZEW Experts Continue to Sink
Financial experts responding in the ZEW economic survey found current conditions weaker just about across the board...
U.S. Retail Sales Post Disappointing Increase
Total retail sales improved 0.1% (4.7% y/y) during September...
by Robert Brusca November 27, 2007
The overall IFO business sentiment index rose to 104.2 in
November from 103.9 in October. Current conditions improved to 110.4
from 109.6. But expectations slipped to 98.3 from 98.6. Even so the
table below shows that the growth of the various indexes is slipping
further. The Biz climate index, though higher on the month, is 2.5%
lower year/year worse off than in October. The current conditions index
has fallen more year/year as well. Business Expectations are off by 2%,
their worst year/year drop so far.
The graph speaks to sectors. Retailing is weakening. Services
are flattening. Manufacturing actually picked up in the month, but not
by a lot.
| IFO Survey: Germany | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Percent: Yr/Yr | Index Numbers | ||||||||
| Nov 07 |
Oct 07 |
Sep 07 |
Aug 07 |
Jul 07 |
Current | Average | Curr/Avg | %tile | |
| Biz Climate | -2.5% | -1.5% | -0.9% | 0.7% | 0.8% | 104.2 | 95.8 | 108.8% | 81.0% |
| Current Situation | -3.1% | -2.1% | -1.3% | 2.5% | 2.4% | 110.4 | 94.9 | 116.3% | 84.8% |
| Biz Expectations: Next 6-Mos | -2.0% | -0.7% | -0.4% | -1.1% | -0.9% | 98.3 | 96.7 | 101.6% | 67.3% |
