Germany Inc. Is Confident as Ever Reaping Fruits of Global Boom
- Ifo climate index jumps to 116.7 vs. estimated drop to 115.1
- Gauges for current conditions and expectations both improved
Visitors talk as skyscrapers tower over commercial and residential property on the city skyline as seen from the 15th floor pantry area inside the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Wednesday, Oct. 18, 2017. In a tweet with the hashtag #Brexit, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein on Thursday hailed “great meetings” he had in Frankfurt and said he will spend a lot more time there.
Photographer: Alex Kraus/BloombergGerman companies are more optimistic than ever as they reap the benefits of global economic strength fueling demand from the world’s third-largest exporter.
A measure of the nation’s business climate rose to the highest level on record in October, exceeding a previous all-time high set just three months ago. The Munich-based Ifo Institute, which surveys some 7,000 companies, has compiled the index for the unified German economy since 1991.