Wirtschaft durch die Augen eines Juristen
Probably also not believing in a Brexit, German managers have again provided for a rise in the German IFO-business climate index from 107.8 in May to 108.7 in June 2016, as the institute announced in its press-statement today. „Another proof that Brexit was a „black swan“: IFO-business climate index climbs again“ weiterlesen
Against worldwide rather pessimistic expectations, the German IFO business climate index rose from a stagnating 106.7 points in April to 107.7 points in May. As the IFO institute explained:
The companies are significantly more satisfied with their current business situation. In addition, they are noticeably more optimistic with regard to the coming months. The German economy is growing at a robust pace.
„And he did it again – IFO business climate index on the rise“ weiterlesen
Today, the IFO-institute stated that
„The Ifo Business Climate Index for German industry and trade dropped to 106.6 points in April from 106.7 points in March. Although companies were somewhat less satisfied with their current situation, their business expectations brightened once again.“
This is not too surprising (for Germans, but probably for everyone else), since the German economy seems to be a little decoupled from the rest of the world economy for some time now: With an unemployment rate of 6.5% in March 2016, Germany shows a robust job-market, even if experts do not see a further decline for the rest of the year due to the refugees now flowing into the job market. Also, the German economy shows a robust if small growth (at least compared to other countries), with now a projected growth rate of about or above 1.5% for 2016. „Not too surprising: German IFO index stagnates“ weiterlesen
As already previously discussed, the Baltic Dry Index soars – rather uninterrupted since 11 February. On Friday, 9 April it reached 539 points – an increase of more than 85% in less than two months. However, the Chinese Containerized Freight Index further crashed to 640.27 on Friday thus widening the „spread“ between the two indices to a new record. „Baltic Dry Index soars – Chinese Containerized Freight Index crashes – who can make sense out of this?“ weiterlesen
While I have commented on several signs of a possible economic decline on Linked-In and here, the German economy seems to walk through these calamities rather undisturbed: „German economy: IFO business climate index, tax revenues on the rise“ weiterlesen
Okay, I feel a little lost here. Already on February 16th I wondered how long the rally was going to last, then – despite a sharp decline in the German IFO index – announced on February 23, the hausse kept going – into March. To sum it up, despite ongoing bad news from the world economy, stocks (at least in Europe and the US) and commodities have rallied since 11 February: „Rollercoaster? Was that it? or what?“ weiterlesen
Not too long ago I published a post on the Baltic Dry Index (BDIY) not being a (leading) crisis indicator – on that day, the BDIY stood at 293 points. On 10 February 2016 it finally reached its lows – with 290 points. However, since then, the BDIY has started an astonishing recovery. „Is that it? – not only the Baltic Dry is soaring lately…“ weiterlesen
The renown German Ifo-Institute issued its monthly business climate index for February 2016 today and it fell for the third time in a row. The index now stands at 105.7 points (coming from 107.3 in January and 108.6 in December 2015, for further details cf. my previous post). „Ifo Business Climate Index Drops Sharply (again)“ weiterlesen
weak economic data from China & Japan – and stocks rise…
Despite negative “hard” facts about the Chinese (here) and Japanese Economy (here), stocks soared: The Nikkei gained more than 7%, the DAX 2.7% and the Dow Jones still nearly 1%. I would call this an economic rollercoaster – enjoy the ride while it lasts…
08.02.16 – Today, the Baltic Dry Index (BDIY) stands at 293 points – coming from its all-time high of 11,793 points on 20 May 2008 and from its “last-time high” of 2,330 points on 13 December 2014. Currently it seems that this index is in line with the downward movement of other indicators, like commodities, bonds, etc. However, does this correlative movement make the BDIY really a reliable (leading) crisis indicator? „Baltic Dry Index – really a sign for the coming bust?“ weiterlesen