Biggest eurozone economy hitting the brakes: Germany's Ifo

FRANKFURT, Sept 25, 2007 (AFP) - German business sentiment fell in September for the fifth month in a row, a widely-watched survey showed Tuesday, prompting analysts to say that the eurozone's biggest economy had clearly hit the brakes.

The trend was mirrored in eurozone neighbours Belgium, Italy and the Netherlands, several also noted.

The German business climate index calculated each month by the Munich-based economic research institute Ifo fell to 104.2 points from 105.8 points in August, Ifo said.

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Ifo business sentiment index falls to 104.2 points in September

FRANKFURT, Sept 25, 2007 (AFP) - German business sentiment fell in September for the fifth month in a row, a survey showed Tuesday, with analysts saying it indicated a clear downward turn in the eurozone's biggest economy.

The widely watched business climate index, calculated each month by the Munich-based economic research institute Ifo, fell to 104.2 points from 105.8 points in August, Ifo said.

The continued trend lower suggested 'a permanent change of course' for the German economy, Commerzbank analyst Ralph Solveen said.

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US leading indicators slide 0.6 percent

WASHINGTON, Sept 20, 2007 (AFP) - The forward-looking index of leading economic indicators fell 0.6 percent in August, the Conference Board said Thursday, suggesting the housing and credit woes are taking an economic toll.

The business research group said in its index of leading economic indicators, a gauge of activity in the coming six to nine months, fell to 137.8 after a revised increased of 0.7 percent in July.

The figure was worse than expected on Wall Street, where analysts had called for a stable reading.

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German ZEW poll finds fears of wider economic damage

FRANKFURT, Sept 18, 2007 (AFP) - A poll of investor confidence in Germany underscored fears Tuesday that shock waves from the US subprime mortgage crisis could ripple throughout the eurozone's biggest economy.

But the ZEW research institute also said the German economy remained strong, and analysts noted it was not too surprising that the periodically volatile poll of finance specialists had taken a hit from recent market turbulence.

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German business confidence dips amid market turmoil

BERLIN, Aug 28, 2007 (AFP) - A leading German business confidence indicator showed Tuesday that sentiment dipped slightly this month amid turmoil on global financial markets, but analysts said the country's economic revival remained on track.

Though the Ifo index fell for the third month in a row in August -- slipping to 105.8 points from 106.4 points in July -- the decline was smaller than feared by analysts who had forecast 105.3 points for the month.

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German business confidence declines as market troubles take toll

BERLIN, Aug 28, 2007 (AFP) - Business confidence in Germany slipped again in August, but its decline was smaller than feared by analysts, according to a widely-watched index by the Ifo economic research institute published Tuesday.

The Munich-based institute said the index had fallen to 105.8 points from 106.4 points in July. Analysts polled by Thomson Financial News had forecast 105.3 points in August.

Ifo said turbulence on global financial markets had clouded executives' mood although they were generally optimistic about the economic upswing in Germany.

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US leading indicators rise 0.4 percent in July

WASHINGTON, Aug 20, 2007 (AFP) - The forward-looking index of leading economic indicators rose 0.4 percent in July, suggesting improving conditions later this year, the Conference Board said Monday.

The business research group said the rise in its index of leading economic indicators, a gauge of activity in the coming six to nine months, to 138.1, more than offset its decline in June.

The figure was in line with Wall Street forecasts.

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