German Business Outlook Improves Much More Than Expected
- Ifo expectations index jumps to 87.5, economists saw 84.7
- ‘German economy glimpses light on the horizon,’ Fuest says
Forecasters are counting on Germany’s consumers to drive a modest recovery in the coming months.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Germany’s business outlook improved much more than anticipated — feeding hopes that the economy will recover from a malaise that’s turned it into the euro zone’s laggard.
An expectations gauge by the Ifo institute rose to 87.5 in March from a revised 84.4 the previous month. That’s the highest since May 2023 and exceeds the 84.7 median forecast in a Bloomberg survey. A measure of current conditions also rose more than expected.