Ifo index rises to 9-month high

German business sentiment rose for a fourth month running in July and hit its highest level since October 2008, a closely watched…

German business sentiment rose for a fourth month running in July and hit its highest level since October 2008, a closely watched survey showed this morning.

The Munich-based Ifo think tank's business climate index, based on a monthly poll of some 7,000 firms, rose to 87.3 from 85.9 in June.

A Reuters poll of 50 economists had pointed to a reading of 86.5, with forecasts ranging from 85.5 to 88.

Reuters

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter