Upswing gains momentum (Ifo Institute)

The Ifo Business Climate Index for German industry and trade rose again clearly in January, after a significant improvement in the previous months. The surveyed firms expressed greater satisfaction with their current business situation than in December, and they again gave more favourable assessments of their business expectations for the next six months. Doubts regarding the durability of the upswing, which has been observable since last summer, should be further dispelled by these results. The upswing has gained both in breadth and momentum.

German business confidence leaps to six-year high (FT)

German business confidence surged to a six-year high this month, helping to prepare the ground for a further European Central Bank interest rate rise.

SAP CEO: German IT sector needs special treatment (InfoWorld)

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