German Feb. Business Confidence Rises More Than Expected

23/02/2012 12:33 AST

German business sentiment improved more than expected in February, reports said Thursday, citing a survey from the Munich-based Ifo institute.

The confidence index rose to 109.6 from 108.3 a month ago. Economists had expected the index to climb to 108.8.

At the same time, the current conditions index came in at 117.5, up from 116.3 in January. The reading was well above the consensus forecast of 116.5.

Likewise, the expectations index improved in February to 102.3 from 100.9. It stayed above the expected level of 102.


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