German Ifo business morale improves unexpectedly in January

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Thursday, Jan 25 2018

German Ifo business morale improves unexpectedly in January

German business confidence rose unexpectedly in January, a survey showed on Thursday, suggesting that Europe’s biggest continued to fire on all cylinders at the beginning of 2018. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 117.6 in January from 117.2 in December.

The January reading beat expectations in a Reuters consensus forecast of analysts who had forecast a dip to 117.1. ''The German economy made a dynamic start to the year,” Ifo chief Clemens Fuest said in a statement.

More in this category: « Existing Home Sales fell by 3.6% UK post-Christmas retail sales growth disappoints »

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