ifo Business Climate Index Rises (February 2021)
Sentiment among managers in Germany has improved noticeably. The ifo Business Climate Index rose from 90.3 points (seasonally adjusted) in January to 92.4 points in February. Assessments of the current business situation were more positive. Moreover, pessimism regarding the coming months was markedly reduced. The German economy is proving robust despite the lockdown, especially thanks to strength in industry.