German corporate optimism increases again

|By:, SA News Editor

The German Ifo institute's business climate index has increased to its highest level in 2 1/2 years, rising to 111.3 in February from 110.6 in January and topping consensus that was also 110.6.

The current-situation reading rose to 114.4 from 112.4 and exceeded forecasts of 112.8, while the expectations print slipped to 108.3 from 108.9 and just beat estimates of 108.2.

The DAX is +0.2% and the euro is +0.15% at $1.376. (PR)