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Following the release of the final German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the upbeat business sentiment can be attributed to the improvement in the country’s industrial sector.

Additional quotes

“Situation improved for German chemical, engineering industries.”

“Orders looking very good for the industry.”

“Satisfaction with orders is further rising.”

“Industrial demand is driven by domestic customers.”

“Industry’s export expectations have increased slightly.”

“20% of IFO survey responses arrived after decision on second lockdown.”