Ifo Business Climate Index in Germany Higher than Expected in December

Germany’s Ifo economic research institute said Tuesday that its business climate index rose more than expected in December as it approaches the end of the year with a brighter outlook. Although it is still struggling with an energy crisis and high inflation.

The Ifo business climate index rose to 88.6 in December from 86.4 in November. Analysts had expected 87.4 for December.

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