Germany's industrial sector lifts economic outlook- Yahoo Finance

  • Source: Ifo economist - - Read: 0



    BERLIN, Feb 22 (Reuters) - The German economy is headingtowards an upswing and sentiment has improved in the industrialsector in particular, Ifo economist Klaus Wohlrabe said onMonday.

    Companies have revised up production plans significantly andexport expectations for the industry have also risen, Wohlrabesaid.

    "The order books are well filled," he added.

    Business sentiment has also improved in the construction,retail and services sectors, with travel agencies and touroperators being slightly optimistic for the first time in morethan a year, he added.

    German business morale rose by far more than expected inFebruary, hitting its highest level since October as theindustrial sector powered along Europe's largest economy despitelockdown restrictions, a survey showed on Monday.(Reporting by R ...



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