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- Sentiment among German businesses is very strong says Ifo
Sentiment among German businesses is very strong says Ifo
The ifo Business Climate Index rose to a new record high of 117.5 (Around 90% of responses were submitted before the end of the "Jamaica" coalition talks on Sunday.) points in November from 116.8 (Seasonally adjusted.) points in October. This was due to far more optimistic business expectations. Companies' assessments of the current business situation were no longer as positive as last month. The German economy is on track for a boom. The latest figures indicate economic growth of 0.7 percent in the fourth quarter, pointing to growth of 2.3 percent for 2017 as a whole.
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