German business sentiment at record high in December: Ifo

17th December 2010, Comments 0 comments

German business confidence has reached an all-time high, the Ifo institute said Friday as Europe's top economy headed for record growth in 2010.

The widely watched reading of sentiment climbed to 109.9 points in December from 109.3 points in November, an Ifo spokeswoman said, its seventh consecutive increase,

Ifo surveys around 7,000 German manufacturing, construction, wholesale and retail companies each month to establish the index of business sentiment.

The German central bank has forecast economic growth of 3.6 percent this year, which would mark the strongest pace since German reunification in 1990.

© 2010 AFP

0 Comments To This Article