German businesses are a bit more optimistic despite the pandemic
FRANKFURT, Germany — Optimism rose among German businesses in February, according to a closely watched survey – despite a worrisome flattening out in the decline of infections.
The index of business sentiment compiled by the Ifo institute showed that industry continues to hold up better than public-facing services during the pandemic, even as battered tourism businesses expressed cautious optimism about the upcoming vacation season.
The survey index for Europe’s largest economy climbed to 92.4 points after a reading of 90.3 points in January, the institute said in a news release Monday.
The results show brightening outlooks among thousands of German businesses, particularly in manufacturing and industry, where the index rose in all important sectors. Retailers were somewhat less pessimistic than the month before, despite collapsing sales. For hospitality…
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