Cheaper oil, ECB stimulus hopes boost German business sentiment
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Frankfurt
GERMAN business confidence rose for a third month as falling energy costs and anticipation of more European Central Bank (ECB) stimulus helped lift optimism about an economic recovery. The Ifo institute's business climate index, based on a survey of 7,000 executives, advanced to 106.7 in January from 105.5 in December.
"Companies were far more satisfied with their current business situation and the majority were also optimistic about the business outlook," said Ifo president Hans-Werner Sinn. "The German economy has gotten off to a good start to the year."
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