German Corporate Confidence Climbed To A Record High In January.

Germany's business confidence unexpectedly climbed to a record high in January. Besides, France's business confidence in January was also better than that in December last year, mainly due to industrial confidence improvement.

According to French Statistical Bureau Insee, France's business confidence rose to 106 in January, 105 points in December and 103 in November. In terms of sector size, industrial confidence in January rose to 108 from 102 last December. Retail It remained unchanged at 108 last December, and the service sector also improved slightly, from 102 to 103. However, business confidence in the construction industry declined slightly, from 99 to 98.

According to the latest IFO data from the German Economic Research Institute, the business confidence index compiled by 7000 German business executives rose from 109.8 in December last year to 110.3 in January, hitting a new high after the unification of Germany in 1991. Compared with 41 economists surveyed by Bloomberg, the company's confidence index predicted in January will be consistent with that of the previous month.

Even if Europe's debt crisis still shrouded in Europe last year, Germany's Economic growth rate It is still up to 3.6%, and despising other countries that implement fiscal tightening. In addition, the decline in German unemployment has prompted consumer spending to increase and drive enterprises to expand investment.

Michaels, chief economist of Citigroup in London, pointed out: "there are signs that Germany's economy will continue to maintain steady growth. We can see strong data not only in exports and manufacturing, but also in domestic demand," Juergen Michels said. Michaels P raised the economic growth rate of Germany from 2.6% to 3% on Thursday.

　　 IFO The business expectations index also rose from 106.8 in December last year to 107.8 in January, while the current index declined slightly from 112.8 in December last year to 112.8 in January. Sean, President of IFO, said, "the German economy has had a strong start this year, especially its export performance."