Skip to content
Subscriber Only

German Business Confidence Increases to Strongest Since 2011

  • Ifo business climate index climbs to 112.3 vs. est. 111.1
  • Gauges for expectations, current conditions both increased
Updated on

German business sentiment climbed to the strongest since July 2011 in a sign that the economy is sustaining its momentum as revival in global trade trounces fears of rising protectionism.

The Munich-based Ifo institute’s business climate index rose to 112.3 in March from a revised 111.1 in February. That beat the median estimate of 111.1 in a Bloomberg survey of economists and prompted banks including UniCredit and Barclays to signal they may raise their growth forecast for Europe’s largest economy.