The much-quoted Munich-based Ifo institute in its monthly poll embracing a representative cross-section of companies, recorded an index of 96.0 for September, the highest figure since January 2005.
In August the index had dropped to 94.5. Ifo's chief economist, Klaus Abberger, sees the survey as an indication that Germany is on the brink of recovery, which would be reflected by good results in the third and fourth quarters of 2005.
Analysing business trends after the elections, the employer-orientated Institut der deutschen Wirtschaft (IW), Cologne, has come to the deduced that a grand coalition of the conservative CDU/CSU parties and the social democrat SPD, which has now become very likely, will not hamper the economic revival.
It expects a growth of 1.5 per cent in the new government's term of office. The outgoing 'red / green' coalition headed by Chancellor Schroeder had presided over an almost stagnant economy with annual growth rates of meagre 0.5 per cent between 2001 and 2005. IW also forecast the creation of half a million new jobs by 2009.
Some observers regard the rising business confidence as proof of the declining influence of politics on the economy. Ulrich Kater, chief analyst of Dekabank, noted: 'It appears that the economy gets used to the caprioles of German politics and refuses to pay much attention to it.'
Browse
related articles
German business confidence up
- Germany: Wednesday, September 28 - 2005 at 17:01
Quite to the surprise of many analysts, German business confidence has improved markedly despite the high oil price and the inconclusive results of the general elections on September 18.
Related stories
Digg
Facebook
LinkedIn
Twitter
Browse
related articles
Wolfram BielensteinWednesday, September 28 - 2005 at 17:01 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Fri Oct 06 2006.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
It looks like you are using a Mac - check out our 
Web Feeds