In the month of July historical maximum for the German Ifo index, which rose to 116 points compared to 115,1 in June, also going against downward expectations.
The index on current conditions increased from 124,1 to 125,3 points, while that on expectations increased from 106,8 to 107,3 points.
The Ifo institute reports that the sentiment among German companies is of "euphoria".
European indices responded positively following the release of data on Tuesday morning.
The Ifo is an index that measures business confidence in Germany and is released on a monthly basis by the Institut für Wirtschaftsforschung. The index is constructed on the basis of a statistical survey conducted on approximately 7 companies operating in the manufacturing, construction, wholesale and retail trade sectors.
The companies interviewed are asked for an opinion – which can be good, satisfactory, or bad – on the present situation and on what it will be in the following six months.
