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Economic Buzz: German IFO Business Climate Improves In February

22 Feb 2022 , 03:42 PM

German Business Climate indicator jumped to 98.9 in February, the highest in 5 months, from an upwardly revised 96 in January, data from Ifo revealed. The Current Assessment Index rose to 98.6 from 96.2 and the Expectations Index advanced to 99.2 from 95.8. Price expectations in industry and retail sectors have risen and the number of companies who want to raise their prices also increased. The German economy is expecting an end to the coronavirus crisis although rising energy prices as a result of tensions in Europe will certainly be a drag on business.

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