Business perception among German companies for the fifth consecutive year has the highest increase in this August.
These data raise the hope of recovery in the country with the largest economy in Europe. Ifo institute's business survey yesterday said business sentiment in Germany in August rises to 90.5 points from 87.3 points in the previous month.This result is quite surprising given the predictions of analysts surveyed by Dow Jones Newswires estimated a smaller number, only 88.8 points.
