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German business sentiment improves in August

German business sentiment improves in August

German business confidence improved for a fifth consecutive month in August as the economy showed signs of recovery from its deep downturn, a closely watched survey said Wednesday.
The Ifo Business Climate Survey, conducted by the Institute for Economic Research at the University of Munich, said its reading of German business sentiment rose to 90.5 points in August from 87.4 points in July.
Participants' expectations for the economy also improved in August, to 95 points from 90.4 points in July.


Updated : 2021-04-17 03:46 GMT+08:00