Ifo Business Sentiment ! !
Feb Jan ! !
Index 103.3 101.8r !Consensus:101.4 !
Conditions 101.9 99.7 !Actual: 103.3 !
Prospects 104.8 103.8r ! !
r=revision ! !
LONDON (Dow Jones)--German business confidence continues to thrive in February, as executives reported improved economic conditions for a third consecutive month, the latest Ifo Institute survey showed Thursday.
Business sentiment rose markedly across all sectors, bringing the Ifo institute's headline index to 103.3.
The February reading was above the average forecast of economists surveyed by Dow Jones Newswires last week, which envisaged a slight fallback to 101.4 from January's reading of 101.7. The January figure was revised up to 101.8 in Thursday's release.