Economics
German Business Confidence Brightens Amid Hopes for Recovery
- Ifo business climate index at 92.4 in Feb.; est. 90.5
- Gauges of expectations and current conditions both rose
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German businesses are increasingly optimistic that economic momentum will pick up this year, despite extended lockdowns to combat new variants of the virus and a slow start to vaccinations.
The Ifo Institute’s gauge of expectations for the next six months rose to 94.2 in February from 91.5 in January, beating estimates in a Bloomberg survey. The business climate index also gained, and companies were even slightly more upbeat about their present situation.