Recent Updates
- Macao: MICE Industry (Q1)
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- more updates...
Economy in Brief
U.S. Mortgage Applications Continue to Weaken
The MBA Loan Applications Index fell 1.2% (-54.5% y/y) in the week ended May 20...
German Climate Reading Continues to Skid Toward the Abyss
Germany's GfK consumer climate reading improved ever so slightly in June...
U.S. New Home Sales Plunge in April as Prices Jump
The new home sales market is unraveling...
U.S. Energy Prices Rise Further
Retail gasoline prices increased to $4.59 per gallon in the week ended May 23...
S&P Flash PMIs Are Mixed in May As Manufacturing Erodes Slowly
Among the early reporting countries in Europe and Japan, the S&P PMI readings for May tilt toward weakness...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
State Coincident Indexes in April 2022
State Labor Markets in April 2022
Profits & Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
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% |
