Improve confidence in Germany. In August the Ifo index, which measures business expectations about the German economy, rose to 107,5 points from 106,2 in July. The result is higher than the forecasts of economists, which did not exceed 107 points.
The index has been on the rise for four consecutive months, a sign of consolidating expectations. The Ifo index on the current situation is also higher than estimates, rising to 112 points, against forecasts for 111. The data on expectations is in line with the consensus (103,3).
