The Ifo Business Climate Index which measures German business confidence, rose to its highest level in 18 months, rising to 95.8 in January from 94.6 the month before. Heinrich Bayer – an analyst with Postbank – noted that the increase was a “pleasant surprise”.
“There was a strong rise in expectations. It really is an ideal result, to have both index components rising further and expectations being significantly above expectations. It points to significant growth potential for the economy.”
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