Economics
German February Business Confidence Jumps to 10-Month High
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German business confidence rose more than economists forecast to a 10-month high in February, adding to signs that Europe’s largest economy is gathering strength.
The Ifo institute in Munich said its business climate index, based on a survey of 7,000 executives, climbed to 107.4 from 104.3 in January. That’s the biggest increase since July 2010 and the fourth straight monthly gain. Economists predicted an advance to 104.9, according to the median of 38 forecasts in a Bloomberg News survey.