Germany's business confidence strengthened more-than-expected in February as the manufacturing activity remained robust despite the lockdown, survey results from ifo Institute revealed on Monday.
The business confidence index rose to 92.4 from revised 90.3 in the previous month. This was better than the economists' forecast of 90.5.
The increase in the Ifo Business Climate Index in February suggests that the German economy is weathering the lockdown better than anticipated, Andrew Kenningham, an economist at Capital Economics, said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.