German business climate index hit six-month high

Source: Xinhua | 2019-12-19

Business climate index in Germany has hit its highest level in six months, the German ifo Institute announced on Wednesday.

The mood among German executives ahead of Christmas has "noticeably improved," said Clemens Fuest, president of the ifo Institute. "The German economy is entering the new year with more confidence."

The monthly index, which reflects the economic sentiment of around 9,000 German company executives, rose to 96.3 points in December from 95.1 points in November, according to the Munich-based economic institute.

The German companies surveyed in December raised their assessment of the current business situation and also reported a more positive outlook for the coming six months, according to ifo Institute.