German Ifo business climate edges higher to 89.0, recovery still weak

Germany’s Ifo business climate index rose modestly in August, climbing to 89.0 from 88.6 and beating expectations of 88.3. The improvement was driven by stronger expectations, with the sub-index rising to 91.6 from 90.7. Current assessment slipped from 86.5 to 86.4. Ifo said sentiment among companies has “brightened slightly,” but warned that the recovery “remains […]

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