Tuesday 23 January 2018

Business confidence in Germany shows surprise bounce

Independent.ie reporters

BUSINESS confidence in Germany showed a surprise bounce today, according to new indicators.

The Ifo economic institute’s closely watched sentiment index rose to 106.6 in November from 106.4 in October – its first rise in four months and a surprise to analysts who had predicted a decline to 105.1.

"The German economy is still performing relatively well despite the international turmoil," said the president of the institute, Hans-Werner Sinn.

The slight increase is due to somewhat less skeptical business expectations," he added.

"The current business situation, according to the survey responses, remains positive," added the economist.

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