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Business sentiment boost for Eurozone driven by Germany

first_img Business sentiment boost for Eurozone driven by Germany Thursday 6 January 2011 7:27 pm whatsapp KCS-content Share Tags: NULL whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 CONFIDENCE in the Eurozone economy shot up to a 38-month high in December, official figures revealed yesterday.The European Commission’s economic sentiment index rose from November’s 105.1 to record 106.2 last month – its highest level since October 2007.The results were driven by strong increases in industrial and retail confidence, a relief for European shops after November data revealed a 0.8 per cent fall in retail sales.“We expect brighter news for the all important Christmas trading period,” said Chris Williamson of Markit. “The retail purchasing managers’ index indicates that sales rose at the fastest rate for two and a half years in December, with particularly buoyant trading in Germany and France.”The Eurozone’s core economies continue to drive forward, offsetting slumps in troubled peripheral and Mediterranean countries.While business confidence remains strong in Germany (and grew by 1.5 per cent), “both Greece and Spain saw a decline in economic sentiment, and also in Portugal the economic mood remains depressed,” according to ING’s Martin van Vliet.Meanwhile, Germany’s industrial boom looks set to continue, after new factory orders rose by 5.2 per cent in November compared to the previous month, massively above expectations.Orders from non Eurozone countries jumped by 14.8 per cent on October. “It is clear that the industry led recovery will continue,” said ING’s Carsten Brzeski. Show Comments ▼last_img

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