Results for: Economic Sentiment

Germany’s economic sentiment is on the rise, according to the latest Ifo index, which has increased for the third consecutive month. The index, which measures business confidence, rose to 89.4 in April from 87.9 in March, indicating that the German economy may have passed the lowest point of its economic cycle and could experience further recovery. The improvement in the Ifo index was attributed to better assessments of both current conditions and future expectations. Despite the positive signs, analysts caution that the German economy still faces challenges, including rising oil prices, ongoing unrest in the Middle East, and structural issues that have long plagued the economy.

The Bank of Japan has gained some encouragement from the results of a recent business survey conducted from March to April 2023. The survey, which received responses from around 1,100 companies throughout Japan, indicates an optimistic outlook among businesses.

Consumer confidence in Australia has plunged by 3.2 points, reaching its lowest level so far this year. The latest ANZ-Roy Morgan Australian Consumer Confidence Index now stands at 80.3. Experts from ANZ attributed this sharp decline to several factors.