Recent Updates
- US: Monthly Treasury Statement, Wholesale Trade (Jun), Consumer Prices (Jul)
- Brazil: Retail Trade (Jul)
- North Macedonia: Central Bank Bills (Jul)
- Albania: Banking system liabilities (Q2)
- more updates...
Economy in Brief
U.S. Federal Government Budget Deficit Shrinks in July
The U.S. Treasury Department reported a federal budget deficit of $211.1 billion in July...
U.S. Mortgage Applications Rose Slightly in the Latest Week
Mortgage applications increased 0.2% (-62.9% y/y) from one week earlier...
U.S. Productivity Declines in Q2, Pushing Unit Labor Costs Higher
Nonfarm business sector productivity fell 4.6% (AR) during Q2'22...
U.S. Small Business Optimism Edged Up in July
The NFIB Small Business Optimism Index edged up to 89.9 in July...
U.S. Gasoline & Crude Oil Prices Continue Weakening
Retail gasoline prices declined to $4.04 per gallon (+27.3% y/y) last week...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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% |
