
It was revealed from the data released by the Ifo research institute. The agency said that the index of business confidence in Germany this month rose to 105.7 points, or better than the previous month at 104.4 points position. Various analysts expect that the data is no change.
"The Ifo business confidence index rose finally back, after two consecutive always decrease," said the agency economist, Kai Carstensen. He mentioned that there are various companies in Germany are more satisfied with the current economic conditions than the previous month.
"The German economy is on track, in the midst of challenging economic conditions Europe," said Carstensen. Ifo index to calculate it based on the assessment of the business people in Germany terhadapkondisi today's economy as well as 6 months to come.
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