German Ifo business confidence strengthens in February

Market news

22 February 2021

German Ifo business confidence strengthens in February

RTTNews reports that survey results from ifo Institute showed that German business confidence strengthened in February.

The business confidence index rose to 92.4 from 90.3 in the previous month. This was better than the economists' forecast of 90.5.

The current conditions advanced to 90.6. This was also above economists' forecast of 89.0.

Likewise, the business expectations indicator improved to 94.2. Economists had forecast the score to rise to 91.8.

USD/CNH now targets 6.4920 – UOB

Germany: IFO - Expectations , February 94.2

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