Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  February 22, 2013 10:32:51

- German business confidence jumped in February to the 10-month maximum and exceeded market expectations

German business confidence index for February, compiled by the Ifo Institute rose to 107.4 points compared to 104.3 points in January. Market estimated only slight growth towards 104.9 points.

Data on business confidence are linked to the growth figures investor confidence, which in February was even on his 3-year maximum.
Unexpectedly strong improvement in business confidence gives greater chance of recovery of the German economy during the year. German Bundesbank earlier this week said that, after a decline of 0.6% in 4Q12 counts for 1Q of this year once again with the growth of GDP.
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