BERLIN: Confidence among Germany's business leaders rose in March for the first time after six months of decline, according to the Ifo barometer released Monday.
The Munich-based Ifo institute's business confidence index was up 0.9 points this month, standing at 99.6, compared to 98.7 in February, which was its lowest level in four years, reports AFP."This is the first increase after six consecutive (months) of decline," Ifo president Clemens Fuest said in a statement. "The companies are a little happier with their current business situation.
"They are also noticeably more optimistic about the coming six months." Indeed, a sub-index measuring companies' view of the present business situation, one of the components of the Ifo barometer, increased to 103.8 points, compared to 103.6 points in February.