The Canadian Press - ONLINE EDITION

Germany's Ifo index of business confidence rises in January by more than expected

  • Print

FRANKFURT - A key index of German business confidence rose by more than expected in January, adding to signs that Europe's biggest economy could be gathering speed.

The Munich-based Ifo institute's survey of business executives rose to 110.6 points from 109.5 in December. Market analysts had expected an increase to 110.0.

"The Germany economy made a promising start to the New Year," said Hans-Werner Sinn, the institute's head.

The Ifo is one of several surveys that have indicated the German economy will have a better year in 2014 after growing by only 0.4 per cent last year.

Economists expect growth will be helped by a recovery in the economies of the United States and several of Germany's EU trading partners, such as Spain, which is slowly recovering from a debt crisis.

Jonathan Loynes, chief European economist at Capital Economics in London, said that the survey showed "decent momentum" for Germany.

He cautioned that the Ifo and other surveys "have tended to over-do the actual strength of the economy over recent quarters." Still, he said, the January survey reading supported a forecast of growth of about 1.5 per cent this year.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Spring fashion trends

View more like this

Photo Store Gallery

  • MIKE DEAL / WINNIPEG FREE PRESS 060711 Chris Pedersen breeds Monarch butterflies in his back yard in East Selkirk watching as it transforms from the Larva or caterpillar through the Chrysalis stage to an adult Monarch. Here an adult Monarch within an hour of it emerging from the Chrysalis which can be seen underneath it.
  • Perfect Day- Paul Buteux walks  his dog Cassie Tuesday on the Sagimay Trail in Assiniboine Forest enjoying a almost perfect  fall day in Winnipeg- Standup photo – September 27, 2011   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

What are you most looking forward to this Easter weekend?

View Results

View Related Story

Ads by Google