The skyline with its financial district is photographed on early evening in Frankfurt, Germany, September 18, 2018. REUTERS/Kai Pfaffenbach Business climate index at 91.1 vs expected 91.2 Unexpected fall in current situation index Analyst: No reason to start partying BERLIN, Feb 22 (Reuters) – German business morale improved in February for the fourth consecutive month, adding to signs that Europe’s largest economy is recovering despite the energy crisis and high inflation, a survey said on Wednesday. The Ifo institute said its business climate index stood at 91.1 following a revised reading of 90.1 in January. A Reuters poll of analysts had pointed to a February reading of 91.2. "The German economy is gradually working its way out of a period of weakness," said Ifo President Clemens Fuest. Business sentiment is forecast to continue improving in the coming months, according to Union Investment’s chief economist Joerg Zeuner. "This is because the economy is expected to brighten up towards the summer, as declining inflation and lower energy prices will no longer have such a strong impact on consumers’ purchasing power," Zeuner said, adding that this should benefit the retail sector. LBBW’s Jens-Oliver Niklasch forecasts an improvement in the economic situation, although […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
