The business climate in Germany improved in December, as the corresponding index reached its highest level since February 2014. The measure of the Munich Institute for Economic Research (Ifo) grows from 110.4 points in November to 111 points in the last month of the year, which is significantly above the market and economists expectations for growth to 110.7 points
The Current Assessment Index increased to 116.6 in December from 115.6 a month earlier and beating expectations for 115.9.
The Business Expectations Index, which measures attitudes toward business prospects over the next six months, inched up to 105.6 this month from 105.5, in line with expectations.
“The German economy showed strong positions at the end of the year”, said director of the Ifo, Clemens Fustel. He added that the indexes for industrial and wholesale sales increase.
Furthermore, companies in the manufacturing sector say they plan to increase production in the coming months.
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