A measure of German business confidence rose less-than-expected in February, reports said Monday, citing the results of a key survey.
The Ifo business climate index climbed to 106.8 in February, while it was expected to rise to 107.6. In January, the score was 106.7.
Meanwhile, the current conditions index of the survey unexpectedly fell to 111.3, while it was expected to rise to 112.7. In January’s, the reading was 111.7.
The expectations measure of the survey moved up to 102.5 in February, which was slightly below the 103 score predicted by economists. In January, the score was 102.
The material has been provided by InstaForex Company – www.instaforex.com