German business sentiment rose in January, according to a survey by the influential Ifo Institute for Economic Research published on Monday.
The Munich-based center said its business climate index rose to 106.7 this month, above a forecast 106.3 by analysts polled by Reuters. It marks the third consecutive monthly increase in the index, and the president of Ifo said the German economy had made a “good start to the year.”
“Companies were far more satisfied with their current business situation and the majority was also optimistic about the business outlook,” Hans Werner-Sinn said.
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