Sandra Petcov Quotes

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

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Business | Confidence | Improve | Coming | Months |

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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

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

There are some good signs of growth in Germany. Retail sales data suggest consumer spending is picking up and order books are overflowing. Firms should continue to perform relatively well. - Sandra Petcov