German Ifo Index Rises In December

The Ifo German business climate index climbed in December, according to the Munich-based Ifo Institute. German Ifo index rose to 102.4 in the month. However, economists were expecting a reading of 102.0. The current-conditions index declined to 107.1 in the month, from 108.1. However, the expectations index surged to 97.9 from 95.2.