German IFO business climate climbed to 95.8 in January from a revised 94.6 in December. Economists forecast the index would surge to 95.1 from an initially reported January reading of 94.7.

IFO current assessment rose to 91.2 compared with the revised 90.4 from 90.5 and median estimates of 91.3, while IFO expectations leaped to 100.6 from 99.1 revised down to 98.9 and projections of 99.1.