Economic Buzz: German IFO business climate index hits six-month high

German business confidence rose to a six-month high in February on improving assessment about current situation and upbeat outlook, survey data from the Munich-based ifo Institute showed Monday. The business climate index to 88.6 in February from 87.6 in the previous month. Companies were more satisfied with their current business situation. Expectations also developed positively, the survey showed. The current situation index posted 86.7, up from 85.7 in January and expectations indicator moved up to 90.5 from 89.6 a month ago.

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