Sandra Petcov Quotes

There's no doubt German firms are doing exceptionally well: order books are full to the brim and business confidence is at levels not seen since reunification. But they haven't started hiring yet. They know that in 2007 a very large fiscal tightening is envisaged, so this could be a short-lived rise in demand.

- Sandra Petcov

Tags

Doubt | German | Firms | Exceptionally | Order |

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We had a particularly cold winter and the construction industry suffered, so this is simply a delayed pickup. Unemployment is falling, but it's no reason to rejoice. We need to see a sustained increase in employment, and that hasn't happened yet. - Sandra Petcov

Fundamentals still do not support a strong rebound in German retail sales: real compensation per employee is declining noticeably and, even though unemployment has started to fall, employment is still on a downward trend. - Sandra Petcov

We don't think business confidence is going to improve much more over coming months but we don't expect it to fall off a cliff either. For now, there's still support from the rest of the world and a slightly lower euro but the question is how long it will last. - Sandra Petcov