German IFO Business Climate Index – Unexpected Improvement

December 20, 2011
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  • The German IFO Business Climate Survey improved unexpectedly today
  • Germany has been able to shrug off the sovereign debt crisis better than any of the other large economies in the EU-17
  • Germany‚Äôs unemployment rate has trended lower throughout 2011 to a new low of 5.5% in October. This is clearly helping German sentiment.
  • In a world short on confidence, Germany is doing ok.
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