German Jan Business Sentiment Higher Than Expected

Germany's business sentiment was higher than expected in January, latest figures from the IfO Institute showed Monday.

The business confidence index came in at 106.7 in January, slightly more than the 106.4 score expected by economists. In December, the index was at 105.5.

The current assessment index, a measure of current business conditions, was at 111.7, more than the 110.8 consensus estimate.

Meanwhile, the expectations index came in less than expected in January, at 102 versus the 102.5 expected by economists.

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