According to Ifo business climate index, the rise in German business sentiment - ARD
The mood in the German economy has to start to brighten again surprising. The Ifo business climate index rose from 109.8 points in the previous month to 110.3 points as the Ifo Institute for Economic Research announced. Many experts had expected, however, as in previous months, with a slight slowdown, but again been wrong.
Many economists had expected, as in previous months, with a slight slowdown, but again been wrong. The Ifo business climate index rose in January to 110.3 points from 109.8 points the previous month. This is a new record since the reunification. "The German economy will start sweeping in the new year," but could Ifo president Hans-Werner announce sense. "The business climate thus builds on the positive development of last year."
"The German economy will start sweeping in the new year," said Ifo President Hans-Werner Sinn. The Ifo index is the most important leading indicator of the German economy.
Prospects will therefore be better estimated than in December. The barometer of business expectations rose to 107.8 from 106.8 points. The situation was only slightly worse, this sub-index fell to 112.8 points from 112.9 points.
Waiting for a new boom year
On the stock market reverberated the positive Ifo index. The German stock index DAX rose by slight twitching above the 7,000-point mark to something of plus 0.1 percent to 0.3 percent. The euro did not move.
Perhaps the reaction is excessive because the markets have already voted optimistic. Most experts believe the German economy to another boom year. The federal government expects 2011 growth of 2.3 percent, less than three million unemployed and an employment record. 2010, there had been 3.6 percent, the strongest growth since reunification.
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