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23 Feb 2015
German Business Confidence up for fourth straight month
FXStreet (Mumbai) - The Munich-based Ifo institute’s closely watched indicator German business confidence rose for the fourth straight month in February.
The Business Confidence indicator rose to 106.8 points, up slightly from 106.7 the month before. The outlook for next six months improved to 102.5 from 102.0 the month before, while their assessment of the current situation dropped slightly to 111.3 from 111.7 in January.
The IFO survey showed exports are still doing well, while the current situation is above long term average. Lower Oil prices and lower Euro are supporting the German economy. Ifo President Hans-Werner Sinn says "The German economy is proving robust in the face of geopolitical uncertainty."
The Business Confidence indicator rose to 106.8 points, up slightly from 106.7 the month before. The outlook for next six months improved to 102.5 from 102.0 the month before, while their assessment of the current situation dropped slightly to 111.3 from 111.7 in January.
The IFO survey showed exports are still doing well, while the current situation is above long term average. Lower Oil prices and lower Euro are supporting the German economy. Ifo President Hans-Werner Sinn says "The German economy is proving robust in the face of geopolitical uncertainty."