Euro Zone'S Economic Confidence Improved In August
According to Bloomberg news, the euro zone's economic confidence in August has improved further to its highest level in more than two years as the growing demand for exports helped the euro zone's second quarter economy achieve its fastest growth in four years.
The statistics released by the European Commission in August 30th showed that in August 2010, the economic sensitivity index reflecting the optimism of the 16 countries' producers and consumers in the euro area rose to 101.1 from the revised value of July to 101.8, the highest point since March 2008.
28 economists surveyed by Bloomberg predicted that the index would rise to 101.6.
The data also show that the euro zone in August
Consumer
Confidence index rose from 14 to 11 in July, and the manufacturing confidence index remained unchanged at 4 compared with last month. The confidence index of service companies rose from 6 to 7, while the confidence index of construction industry remained at 29.
The European Commission's statistics are based on a survey of 130 thousand executives and 40 thousand individual consumers. The survey took place in the first two weeks of August.
Because
global economy
The recovery will show signs of weakness and euro zone governments' spending cuts to reduce budget deficits, and confidence in the euro zone is likely to decline.
The US economic growth in the second quarter is not as good as expected. The euro zone's manufacturing and service sector growth slowed in August.
Cole, deputy chief economist of Baosheng holding company in Frankfurt, said there is no reason why the euro zone will not be affected by the global economic slowdown. At the same time, governments in the eurozone are facing a period of fiscal consolidation, which will impact their economy and the road to economic recovery will be rugged.
Consumer spending in the eurozone is being suppressed.
Manufacturer
It relies mainly on fast-growing emerging economies to increase profits.
Germany's second quarter export growth of 8.2% helped its record growth in the second quarter.
BMW, the world's largest luxury car maker, said in August 9th that its sales in July increased by 9.1%, driven by the Chinese market.
- Related reading
Home Textile Enterprises Strive To Be Innovative &Nbsp, And Write A New Trend Of Health, Environmental Protection And Practicality.
|
- international master | Fashion Designer Wang Wei
- Learning Area | Zero Waste Design: New Curriculum Of Vanguard Fashion Institute (Map)
- Shoe Market | Fashion Pet Shoes, Shopping Mall Pricing, Provoke Disputes
- Power flow analysis | Can Not Miss This Autumn Fashion
- Visual gluttonous | Lady&Nbsp; Gaga Thunderman Modeling
- Venture capital project | Deep Analysis -- Selling Shirts &Nbsp Online; What Is The Future?
- Market topics | Euro Zone'S Economic Confidence Improved In August
- market research | How Much Is The Road Of "Double Wages"?
- Market topics | Eleven Gold Clothing Marketing: Clothing Enterprise &Nbsp; Are You Ready?
- Glimpse of exhibition | 2010 Fashion Color And Brand Building Conference
- How Much Is The Road Of "Double Wages"?
- Eleven Gold Clothing Marketing: Clothing Enterprise &Nbsp; Are You Ready?
- 2010 Fashion Color And Brand Building Conference
- Home Textile Enterprises Strive To Be Innovative &Nbsp, And Write A New Trend Of Health, Environmental Protection And Practicality.
- 9 New Types Of Global Restricted And Banned Toxic Chemicals
- Chemical Fiber Non-Woven Fabric Also Pollute &Nbsp; Plastic Restriction Is Shortsighted.
- Zheng Zhiyi, President Of China Chemical Fiber Industry Association
- Technology And Technological Innovation Are The Key To Shoes And Clothing Enterprises.
- Brand Value: First, Consumers Should Be Recognized.
- Mars Phil Lee'S "Political Commissar": Contemporary Store Director Wang Zhenhua