FXstreet.com (Barcelona) - Business confidence seems to have picked up slightly in Germany after having dropped to a historic low in December, according to data released by the Ifo Institute for Economic Research.

In January, business confidence has improved slightly to 83 points from 82.6 in December. Business climate remains at extraordinarily lo w levels; it was at a 103.4 points level 12 months ago.

Companies surveyed have shown a slightly more optimistic stance about the future, although their current business situation continues deteriorating. Business expectations index for the next six months have improved to 79.4 in January from 76.9 in December.