January 25, 2018 / 9:41 AM / a year ago

German Ifo business morale improves unexpectedly in January

FILE PHOTO: A man walks at the LP12 Mall of Berlin shopping mall is in Berlin, Germany, March 3, 2017. REUTERS/Fabrizio Bensch/File Photo

BERLIN (Reuters) - German business confidence rose unexpectedly in January, a survey showed on Thursday, suggesting that Europe’s biggest continued to fire on all cylinders at the beginning of 2018.

The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 117.6 in January from 117.2 in December.

The January reading beat expectations in a Reuters consensus forecast of analysts who had forecast a dip to 117.1.

“The German economy made a dynamic start to the year,” Ifo chief Clemens Fuest said in a statement.

Writing by Paul Carrel and Michael Nienaber

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below