BERLIN (Reuters) – Germany’s business climate improved further in February despite tensions over Ukraine, with companies banking on an end to the coronavirus crisis, the institute’s monthly survey showed on Tuesday. of economic studies Ifo.
The business climate index rose to 98.9 from a (revised) 96.0 in January as economists and analysts polled by Reuters on average had expected a figure of 96.5.
The component of the judgment of business leaders on their current business conditions rose to 98.6 from 96.2 and that measuring the change in their expectations rose to 99.2 from 95.8.
But the rise in energy prices linked to the situation in Ukraine will weigh on the activity of German companies, which remain affected by bottlenecks in the supply chains, warned Klaus Wohlrabe, economist of the I fo.
“The German economy is betting on the end of the coronavirus crisis. But the escalation in Ukraine remains a risk factor,” he said.
Bottlenecks also remain a challenge for the manufacturing and distribution sectors, although the situation has improved, he added.
(Report Zuzanna Szymanska and Paul Carrel;, French version Marc Angrand, edited by Jean-Michel Bélot)
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