BERLIN Isaiah Oliver Hoodie , Sept. 26 (Xinhua) -- Business sentiment in Germany'sservice sector has risen to a new high in spite of Sunday'snational election outcome, a study published on Tuesday by the IfoInstitute for Economic Research has found.
The closely-watched business confidence index for the sectorconducted by the Munich-based institute rose by 0.1 points to 110.7points in September. Although the 2,500 managers surveyed by Ifodowngraded their assessment of the current economic situation, theyhave upgraded their expectations for the coming half year for thefifth time in a row.
"Many firms are planning to hire more employees," Ifo presidentClemens Fuest said in a statement.
Advertising and architecture firms in particular were optimisticabout their prospects for revenue growth and therefore announcedtheir desire to increase personnel numbers. Enditem
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