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.
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