Off the wire
• Xinhua Insight: China-Europe railway to drive cross-border e-commerce  • Commentary: CPC meeting on strict Party governance part of overall strategy  • China investigates over 200 swan deaths  • German rider Walsheid wins fourth stage of Tour of Hainan 2016  • Singapore stocks end down 0.09 pct  • 1st LD Writethru: Accidental release of radioactivity reported at nuclear site in Norway  • Urgent: Accidental release of radioactivity reported at nuclear site in Norway  • Tanzania, Morocco sign over 20 investment, development deals  • UNICEF urges Sri Lanka to invest in its children  • Spotlight: Security beefed up in major Pakistani cities after deadly attack at police cadets  
You are here: 　 Home

German business climate index improves in Oct.: Ifo

Xinhua, October 25, 2016 Adjust font size:

The Ifo Business Climate Index for industry and trade in Germany improved to 110.5 points in October from 109.5 points in September, the research institute Ifo reported on Tuesday.

According to the think tank, surveyed companies were more satisfied with current business situation and optimistic for the coming months.

The business climate indexes in manufacturing and construction rose. Especially in the sector construction, the index rose for the seventh consecutive month.

Meanwhile, the index in the wholesaling fell but remained above their long-term average and the index in retailing stayed almost unchanged.

"The upturn in the German economy is gathering impetus," Ifo president Clemens Fuest commented.

The Ifo Business Climate Index, considered the most important barometer for the German economy, is based on about 7,000 monthly survey responses from firms in manufacturing, construction, wholesaling and retailing. Endit