Optimistic German business mood

The German IFO business sentiment index in November improved to 93.9 points, instead of the expected 92.5 points. The current economic situation assessment index increased to 89.1 points, while 88 points was expected.

The consumers are also optimistic about the expected development of the economic situation. The subindex increased to 98.9 points, while 97.2 points was expected.
The business sentiment index has not achieved a level like this, since August 2008.
The IFO Institute stated, that the business environment has improved greatly. The bad and the optimistic expectations are broadly balanced –  reports tozsdeforum.hu.