Ifo Business Survey for December 2009

The Ifo Business Climate Index for German industry and trade rose again in December. The current business situation, according to the survey responses, is again somewhat more favourable than in the previous month. The business outlook for the coming half year was assessed similarly as in November. The optimistic and the sceptical outlook assessments nearly balance out. The German economy continues on the road to recovery. The Ifo Employment Barometer for German Industry and Trade rose further in December. Firms' personnel plans are no longer quite so restrictive as before.