German investor confidence sags over trade conflict Brexit

October 7, 2019

FRANKFURT — An indicator of investors’ view of the German economy fell to its lowest since December 2011 amid concerns about the U.S.-China trade conflict, the chance of a disorderly Brexit and a possible competition among countries to devalue their currencies.The ZEW institute’s indicator of economic sentiment fell to minus 44.1 points in August, down by 19.6 points from July and well below the ZEW’s long-term average of plus 21.6 points.ZEW President Achim Wambach said Tuesday the results “show a significant worsening of the outlook for the Germany economy.” He cited the trade dispute between the U.S. and China. Other factors included fears that countries would race to devalue their currencies and a possible disorderly exit by Britain from the European Union without a deal to ease trade.The Associated Press read more

Commercial vehicle manufacturing kickstarts 2016 with production up by a quarter

October 2, 2019

CV production grows 24.4% in January, with output reaching 6,770 vehicles.Exports fuel demand, up 65% on the same month last year.Production for the UK down marginally by 1.2%.25 February, 2016 Commercial vehicle manufacturing rose by 24.4% in the first month of 2016, with 6,770 new vans, trucks, buses and coaches made in Britain this January. Foreign demand continued to fuel production, with commercial vehicle output for overseas markets showing substantial growth compared with January 2015.Mike Hawes, SMMT Chief Executive said, “CV production got off to a great start in January, with output up by a quarter on last year. Recovery in Europe continues to benefit the sector, driving production for export up an impressive 65% last month, with more than half of all commercial vehicles in January produced for international markets.”Download the full CV press release as a Word document.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more