(MENAFN) The Ifo said that its Business Climate Index for industry and trade in Germany increased to 111.3 this month, Xinhua reported
The index, which is the German economy's most important barometer, went up from 110.6 in January, registering the fourth consecutive monthly increase
An ifo report based on a monthly survey of around 7,000 German companies shows that future business developments' expectations dropped marginally, but remained optimistic
The ifo also said that retail went up significantly, while wholesaling decreased slightly
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