German IFO Business Climate Index – Unexpected Improvement

December 20, 2011

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’s 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.

Tags: confidence, EU-17, Germany, IFO, IFO Business Climate Survey, improvement

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