German Business Sentiment Rises in January

January 27, 2014 Share Print 0

German business sentiment rose in January, beating analysts’ expectations, according to the latest data from Germany’s Ifo Institute for Economic Research.

The German business climate index rose to 110.6 in January versus a Reuters forecast for 110.0, the Munich-based research group reported on Monday. In December, the Ifo index had risen to 109.5.

Other data collected by the institution showed that German business expectations also rose to 108.9 in January, above the 107.4 recorded in December and again above expectations of a 108.0 figure from analysts polled by Reuters.
“The German economy made a promising start to the New Year. The Ifo Business Climate for industry and trade in Germany improved for the third time in succession,”Hans-Werner Sinn, president of the Ifo Institute said, although not all analysts were so confident.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.