Germany's business climate index jumps 88.6 points in Dec 2022: ifo

In manufacturing, the index rose substantially. The business climate improved in almost all areas of manufacturing. The expectations indicator climbed particularly strongly. Companies were also more satisfied with their current business. Uncertainty reduced, while the order backlog declined, according to a press release by the ifo Institute for Economic Research.

In trade, the index rose to its highest level since June. Businesses assessed their current situation as mildly positive for the first time since August 2022. While the outlook is still pessimistic, it is less so than in November.

ALCHEMPro News Desk (NB)