The confidence climate of German companies continues to increase: more and more optimistic companies and the Ifo index rose to 109,6 points.
Despite Germany's second largest bank, Commerzbank, it recorded bad results results in 2011, German companies are optimistic. The ifo index, which measures business confidence, rose to 109,6 points in February, against 108,3 points in January.
According to the president of the Ifo, Hans-Werner Sinn, the number of companies that evaluate the commercial situation positively has increased and for this reason expectations have improved.
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