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German business morale brightens in January -Breaking

© Reuters. FILE PHOTO Christmas shoppers fill Hohe Strasse in Cologne with masks during the COVID-19 pandemic. This was December 12, 2020. REUTERS/Wolfgang Rattay/File Photo

BERLIN (Reuters), – German business spirits improved for the first seven months in January as a result of easing supply chain bottlenecks, resulting in an increase in factory output in Europe’s biggest economy. A survey was released Tuesday.

According to the Ifo Institute, its index of business climate rose to 95.7 in January from a revised 94.8 in December. An analyst poll by Reuters had indicated that December’s reading was 94.7

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.