India, Jan. 27 -- German business confidence improved slightly in January on more positive assessment about the current situation but the overall low level continues to signal that the economy remains on weak footing.
The ifo business climate index rose more-than-expected to 85.1 in January from 84.7 in the previous month, survey results from the ifo Institute showed on Monday. The reading was seen at 84.9.
Companies were more positive regarding the current situation, while they continued to be pessimistic.
The current situation index registered 86.1, up from 85.1 a month ago and economists' forecast of 85.4. Meanwhile, the expectations index dropped to 84.2 in January from 84.4 in December. Nonetheless, it remained above the expected le...