Positive outlook: The body of a Porsche Panamera luxury automobile stands inside a light tunnel during paint work inspections in the Porsche AG factory in Leipzig. A jump in Germany’s industrial orders and upbeat sentiment surveys have indicated a rebound in the last three months of the year. — Bloomberg
BERLIN: German business morale rose in December, hitting its highest level since February 2014 and supporting expectations that Europe’s largest economy will rebound in the fourth quarter.
The upbeat reading was welcomed by economists as a sign of economic resilience in the face of uncertainties that are clouding the outlook for Germany, including Britain’s decision to leave the European Union, unpredictable US policy under president-elect Donald Trump, and financial concerns over Greece and Italy.
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