FX.co ★ German Business Moral Rises to 9-Month High

The Ifo Business Climate indicator for Germany increased to 86.9 in April 2025, up from 86.7 in March. This marks the highest level reached since July and surpasses market forecasts that had anticipated a softening to 86.9. The rise in the index can be attributed to significant increases in public spending on German infrastructure and businesses, which aim to stimulate growth in response to U.S. tariff threats. Specifically, the index assessing current conditions climbed to 86.4 from the previous 85.7, surpassing the predicted 85.5. Conversely, the expectations index fell slightly to 87.4 from 87.7, yet it remained higher than the projected 85.