Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Euro-Area Economic Confidence Improved This Quarter, Ifo Says

Don't Miss Out —
Follow us on:

Feb. 6 (Bloomberg) -- Confidence in the euro-area economy improved this quarter amid signs the region is beginning to emerge from recession, Germany’s Ifo institute said.

An index measuring economic sentiment in the 17-nation currency bloc increased to 95.1 from 81.7 in the final three months of 2012, Munich-based Ifo said in an e-mailed statement today, citing its quarterly World Economic Survey. That’s the first gain in three quarters. A measure of current conditions fell to 95.1 from 97.9, while a gauge of expectations surged to 95.1 from 72.1, the highest level in almost two years.

“A silver lining is appearing on the horizon,” Ifo said. “The economic situation in the euro area is expected to improve within the next six months.”

Euro-area inflation expectations for 2013 average 2.1 percent, Ifo said. That’s above the European Central Bank’s 2 percent price-stability threshold. Survey respondents predict short-term interest rates and the exchange rate versus the U.S. dollar to remain broadly unchanged in the next six months.

The survey is based on responses from 281 economic experts and conducted in cooperation with the International Chamber of Commerce in Paris.

To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.