Tuesday, March 27, 2007

Forex News: 27.03.2007 Ifo business climate in Germany unexpectedly improved in March

German firms have provided more favorable assessments of the current business situation as well as expressed more positive outlook for the coming six moths, Ifo Institute for Economic Research reported today.

Ifo business climate index, estimated on the survey of 7.000 companies, rose in March to 107.7 points from 107.7 points in the preceding month. The analysts estimated the index decrease in March, to 106.5 points.

The index of current business situation improved in March to 112.4 points, from 111.6 points in the preceding month. The index of business outlook rose to 103.2 points, from 102.6 in February.


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