The German IFO index, which measures confidence in Germany, rose to 85.1 in January compared to 84.7 in December, while expectations had indicated an increase to 84.9, reflecting a higher assessment of the current situation compared to pessimistic expectations for future expectations.

In detail, the current situation index rose to 86.1 compared to 85.1 in December, while the expectations index fell to 84.2 from 84.4, recording its lowest levels in a year, with the index in the services sector rising significantly, while the manufacturing sector witnessed further declinesش