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    Home » German Business Morale Rises Significantly in February
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    German Business Morale Rises Significantly in February

    February 22, 20221 Min Read
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    German business sentiment rose in February across all sectors as optimism for an end to the Covid-19 crisis more than offset concerns about the Ukraine conflict.

    • Ifo’s business climate index increased to 98.9 from an upwardly revised 96.0 in January, signaling the highest level since August. This was better than economists had projected.
    • Joerg Kraemer, chief economist at Commerzbank stated the results of the February Ifo survey are clear indicators that the German economy will benefit significantly from the easing of the Covid-19 crisis in the upcoming months.
    • The companies were more satisfied with their current business. There was a significant improvement in expectations.

    The German economy is expecting an end to Covid-19. Meanwhile, the escalation of the crisis in Ukraine remains a major risk factor.

    DAX down -0.043%, EUR USD up +0.40%

    Source: Ifo Institute.

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