Ovunc Kutlu
22 February 2022•Update: 22 February 2022
ANKARA
The Business Climate Index in Germany increased for the second month in a row despite the Ukraine crisis, according to Munich-based Ifo Institute for Economic Research on Tuesday.
The Ifo Business Climate Index rose to 98.9 points in February, up from 96.0 points in January, the institution said in a statement.
"Companies were more satisfied with their current business. There was a marked improvement in expectations. The German economy is betting on an end to the coronavirus crisis. However, the escalation of the crisis engulfing Ukraine remains a risk factor," it said.
Clemens Fuest, the president of the institute, noted that business climate improved in the manufacturing and service sectors, in addition to trade and construction.
