German business confidence is up

In a surprise development, it seems the German business confidence rose from 94.6 in August to 96 in September. This improvement had all the people bewildered since all economists predicted that the confidence should drop given the uncertainity in politics, businesses, unemployment etc. My suspicion is that the growth in business confidence is due to the drop of Euro against US Dollar helping improve export profitability for German companies.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s