Business sentiment in Germany improved beyond expectations in February

By: Trademagazin editor Date: 2021. 02. 22. 11:05

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In February, business sentiment among German companies improved more than expected, according to a report published on Monday by the Munich-based ifo Institute for Economic Research at the University.

Thanks to the remarkably large improvement in the manufacturing sector, the business sentiment index returned to the level of more than two years ago, but their outlook was already seen as better by the service sectors hardest hit by the restrictions. (MTI)