According to the index, companies are more satisfied with the current situation and at the same time have a more positive view of future prospects, as uncertainty appears to be decreasing.
"Despite further increases in energy prices, the German economy is recovering," Ifo writes in a press release.
The indicator was presented after the statistics agency Destatis adjusted the growth figure for the German economy's second quarter - Europe's largest - up from the previous quarter to 0.3 percent. It was initially set at 0.2 percent.
Compared with the second quarter of last year, GDP growth in Germany in the second quarter of this year was 1.0 percent, which can be compared with a preliminary 0.9 percent.
