Central Banks
German Business Outlook Inches Higher But Remains Gloomy
- Ifo expectations index rose to 84.1, economists saw 84
- Separate data confirm 4Q GDP fell 0.3% from previous quarter
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German business expectations edged higher though remained stuck at depressed levels amid a bleak outlook for Europe’s largest economy.
An expectations gauge by the ifo institute rose to 84.1 in February from 83.5 the previous month. Analysts had predicted a small advance to 84. An index of current conditions held steady.