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8/27/2018, 10:03 AM (Source: TeleTrader)
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Ifo: German business climate improves in August

Business morale in Europe's largest economy noticeably improved in August, according to the latest report released by the Ifo Institute on Monday. The Ifo Business Climate Index rose to 103.8 points this month from July's 101.7 points. Improving trade relations with the United States contributed significantly to the upbeat business climate as well as a "robust domestic economic situation," the report explained.

The Munich-based institute reported businesses assessed the current situation better as well, with the respective index rising to 106.4 points month on month. Meanwhile, the expectations index came in at 101.2 points, 3 points higher than July's figure.

Breaking the News / JC