Economics
German Business Expectations Rise to the Highest Since 2018
- Ifo outlook measure rose to 97 in July versus estimate 93.4
- But jobs situation a worry with uncertainty still high
An employ opens the front door of a store in Frankfurt, Germany.
Photographer: Peter Juelich/BloombergThis article is for subscribers only.
German businesses are growing increasingly optimistic that government support at home and an unprecedented euro-area fiscal plan will bolster demand and drive an economic recovery later this year.
Expectations at companies surveyed by the country’s Ifo institute improved to 97 in July from a revised 91.6 in June, the strongest reading since late 2018. The main business climate index also improved.