The sentiment indicator had already recovered somewhat in November after falling for six straight months and hitting its lowest level in almost two years in October. A first survey for December was revised upwards with the second estimate. An index value of 48.8 points was initially reported. On average, analysts had expected a confirmation of the first survey.
Despite the increase, the sentiment indicator remains below the expansion threshold of 50 points. The economic indicator, which is closely watched on the financial markets, is signaling a contraction in economic activity for the sixth month in a row.
more from economy
It is again possible to sit down in school: increase in apprentices
The dot-com bubble: When the internet took off – and plummeted
The number of company bankruptcies rose last year by 60 percent
Higher subsidy for thermal renovation
My themes
For your saved topics
found new items.
info By clicking on the icon you add the keyword to your topics.
info
Click on the icon to open your “My Topics” page. They have of 15 tags saved and would have to remove tags.
info By clicking on the icon you remove the keyword from your topics.
Add the theme to your themes.
Source: Nachrichten
