German IFO Business Climate Index – Unexpected Improvement

• 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