After six straight months of decline Germany’s business sentiment rebounded in November, after a Q3 performance that saw recession missed by a whisker.
The rise in the 7000-firm index beat forecasts of a fall, with pollsters IFO saying it marked the end of the downturn in the German economy, for the moment at least.
However the euro’s two-year low against the dollar and weak oil prices have given the economy a shot in the arm, and the improved sentiment has also been registered among analysts and investors.
Exports do remain flat, but Q4 is expected to show modest growth.
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