News | Classifieds | Directory | Today's Ads | AllAroundPhillyJobs | PhillyCarSearch | AllAroundPhillyHomes
   |    Home > News > Associated Press

AP/The Wire
  Breaking news
About AllAroundPhilly

Oct 25, 5:48 AM EDT

German businesses upbeat despite bank woes, British EU exit

Latest News
Germany: couple on trial for abusing, killing women

Boy arrested after stabbing teen in clown mask in Germany

German court: Doctor who killed husband can still practice

German city tells residents: stay indoors after ammonia leak

German police search apartments in Chechen extremism probe

Exhibit Honors Soviet Photographer
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
ECB chief: low interest rates don't make inequality worse

German businesses upbeat despite bank woes, British EU exit

Policy Prescriptions: Trump and Clinton on economic growth

WHY IT MATTERS: Wall Street Regulation

AP FACT CHECK: Trump's trashing of US economy is misguided

AP Interview: IMF says low oil prices still hurting Mideast

China economic growth holds steady as retail spending rises

UK inflation spikes to near 2-year high in September

Speech transcripts show Clinton avoided blaming Wall Street

Egypt inches toward IMF bailout as shortages, prices enrage

Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Berlin Wall: 20 Years Later

FRANKFURT, Germany (AP) -- German businesses were more optimistic in October, shrugging off woes at the countries' biggest banks and the implications of Britain's vote to leave the European Union.

The closely watched Ifo institute index rose to 110.5 points from 109.5 points in September.

Ifo head Clemens Fuest said in a statement Tuesday that "the upturn in the German economy is gathering impetus."

Germany, the largest of the 19 countries that use the euro, enjoys moderate growth and very low unemployment of 4.2 percent. Export strength has been supported more recently by domestic consumer demand. The economy grew by a quarterly rate of 0.4 percent in the second quarter.

The Munich-based Ifo bases the index on survey responses from 7,000 firms in manufacturing, retail, wholesaling and construction.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

Return to your
local newspaper ...

 The Daily Local News
 The Times Herald
 The Phoenix
 The Mercury
  Delaware County
  Daily Times

 The Trentonian
 The Reporter
 Weekly newspapers

©Copyright 2010 AllAroundPhilly, a Journal Register Property & part of Journal Register PA -- All rights reserved | Our Publications| Privacy Policy