Friday, November 24, 2006

Forex News: Germany IFO business climate index increases to 106.8

Forex News

According to a report published by the Ifo Institute, German business confidence index has come unexpectedly high in November, because of the improvement of German companies trading outlook.

Business climate index has risen in November to 106.8 from 105.3 in October, when the economist’s forecasts advanced a mild decline to 105.2.

Businessmen in Germany seem to have a positive outlook on the trading development for the next six months as well as on the current economic situation.


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