Economic Buzz: IFO German business climate index edge higher despite rising energy prices
Mumbai, Aug. 25 -- Sentiment among companies in Germany has increased. The ifo Business Climate Index rose to 88.8 points in August, up from 86.7 in July. Companies were more satisfied with their current situation, and they revised their expectations significantly upward. Uncertainty continued to decline. Despite another rise in energy prices, the German economy is recovering. In manufacturing, the index rose noticeably. German managers assessed their current business conditions as significantly better. Expectations were also marked by less skepticism. Companies expect production to increase over the next three months. However, they remain dissatisfied with their order situation. In the service sector, the business climate improved. Expecta...
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