German firms confident about economic view
Print Edition
GERMAN businesses are confident about the outlook for Europe’s biggest economy, a new poll showed yesterday, as a weaker euro and falling oil prices are set to boost the country’s exporters.
Nevertheless, it was too early to predict the impact on German confidence of the elections in Greece, where the victory of a radical left anti-austerity party could reignite concerns of a euro breakup, analysts cautioned.
The Ifo institute’s closely watched business climate index rose to 106.7 in January from 105.5 points in December, the think tank said in a statement.
It was the third monthly increase in a row and was slightly higher than analysts’ expectations.
“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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