German Ifo business index rises

The closely-watched Ifo index of German business confidence has risen for the third consecutive month, hitting 85.9 points for June, up from 84.3 points last month.

The closely-watched Ifo index of German business confidence has risen for the third consecutive month, hitting 85.9 points for June, up from 84.3 points last month.

The level is the highest since last November, the Munich-based organisation said.

In a statement, the Institute said that while "dissatisfaction with the current business situation is just as strong as it was in May" among German businesses, the survey results "confirm that the German economy is gradually stabilising".

Ifo questions around 7,000 German firms for its monthly survey.

More in this section

Lunchtime News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up