German business confidence inches higher in February: Ifo
[FRANKFURT] German business confidence rose to its highest level in seven months in February, as Europe's biggest economy remains robust in the face of geopolitical uncertainty, the Ifo economic institute said on Monday.
The Ifo institute's closely watched business climate index inched slightly higher to 106.8 this month from 106.7 points in January, the think tank said in a statement.
It was the fourth consecutive monthly rise, taking it to the highest level since July 2014, it said.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US firms announce fewer new hires in April: Challenger report
Hong Kong growth beats forecast as recovery gains traction
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Thailand to increase daily minimum wage to 400 baht in Oct
UK set for weak growth and highest inflation in G7, OECD says
German manufacturing downturn eases in April, PMI survey shows