German Ifo Climate Rises for First Time in Three Months: Economy
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German business confidence increased in May for the first time in three months, adding to signs that growth in Europe’s largest economy is gathering pace.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, climbed to 105.7 from 104.4 in April. That’s the first gain since February. Economists predicted sentiment to remain unchanged, according to the median of 44 forecasts in a Bloomberg News survey.