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1/25, 10:04 AM (Source: TeleTrader)
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Ifo: Germany's business climate improves in January

The Business Climate Index for Germany came in at 95.7 in January, going up by 1.0 points compared to the month before and better than market expectations, the Institute for Economic Research (Ifo) revealed in its report published on Tuesday.

Ifo's Current Assessment Index stood at 96.1 as expected, declining by 0.8 points in contrast with December. Meanwhile, the Expectations Index landed at 95.2, increasing by 2.6 points month-on-month and above forecasts.

As detailed in the report, in the manufacturing sector, the index climbed considerably. The situation regarding bottlenecks in the supply of intermediate products and raw materials softened slightly. Meanwhile, the business climate index moved up again in the services sector after falling for three months in a row, and an improvement was also noted in trade and construction.

Baha Breaking the News (BBN) / JGA