Germany's business confidence improved further as expected at the start of the year to the strongest level in seven months, as companies were considerably less pessimistic about the future, although they were slightly less satisfied with the current situation, survey results from the Munich-based ifo Institute showed on Wednesday.
The ifo business confidence index rose to 90.2 in January from 88.6 in December. That was in line with economists' forecasts.
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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.