The German DAX Index Remains Stable
The German DAX index rose by 0.10% and is trading at 12.68.50. Germany’s trade surplus has improved to EUR 21.2 billion.
Indicators of Germany indicate an improvement in the economy in 2017. Retail sales grew by 1.1%, while factory orders improved by 1.0%. Despite the fact that manufacturing and services PMIs declined in July, both are well over the level of 50, indicating an expansion.
Economic growth of Germany also contributes to the growth of the Eurozone. Eurozone's GDP grew by 0.6% in the second quarter, compared to 0.5% in the previous quarter. In addition, retail sales in the euro area grew by 0.5%, noting a 4-month maximum.