German business outlook gloomy but inches higher


FILE PHOTO: The Berlin skyline, April 1, 2020. REUTERS/Michele Tantussi/File Photo

BERLIN: German business expectations edged higher though remained stuck at depressed levels amid a bleak outlook for Europe’s largest economy.

An expectations gauge by the ifo institute rose to 84.1 in February from 83.5 the previous month. Analysts had predicted a small advance to 84. An index of current conditions held steady.

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