German Ifo Business Climate Index unexpectedly rises in January - first gain in eight months
Jan 27th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The German Ifo Business Climate Index for industry and trade, unexpectedly rose in January for the first time in eight months, after the European Central Bank lowered interest rates and the German government proposed a second economic stimulus package to fight the recession. Following a strong decline in the last year, the Business Climate Index continues at a low level. The two components of the Business Climate changed in different ways: Whereas the firms again assessed the current situation as worse, they are a little less sceptical about their business in the next six months.