BERLIN, Oct. 25 (Xinhua) -- The Ifo Business Climate Index for industry and trade in Germany improved to 110.5 points in October from 109.5 points in September, the research institute Ifo reported on Tuesday.
According to the think tank, surveyed companies were more satisfied with current business situation and optimistic for the coming months.
The business climate indexes in manufacturing and construction rose. Especially in the sector construction, the index rose for the seventh consecutive month.
Meanwhile, the index in the wholesaling fell but remained above their long-term average and the index in retailing stayed almost unchanged.
"The upturn in the German economy is gathering impetus," Ifo president Clemens Fuest commented.
The Ifo Business Climate Index, considered the most important barometer for the German economy, is based on about 7,000 monthly survey responses from firms in manufacturing, construction, wholesaling and retailing.
