Economy
Ifo: Confidence in German economy continues to grow
Customs dispute, bureaucracy, wars and crises are loaded on the German economy. Nevertheless, the most important economic barometer is pointing up – for the sixth time in a row.
Despite higher US tariffs, the mood in the German economy improves. As the IFO research institute announced, the IFO business climate rose 0.4 points to 89.0 points in August. While the current situation in the company has been assessed somewhat worse, the evaluation of future business has surprisingly improved.
With the increase in August, the IFO business climate increased the sixth month in a row and has reached the highest value since April 2024. Nevertheless, IFO President Clemens Fuest remains reserved. “The recovery of the German economy remains weak,” he commented on the result of the survey among around 9,000 companies.
dpa
Source: Stern
