Economics
German Business Confidence Climbs on Signs of Recovery: Economy
This article is for subscribers only.
German business confidence increased for a second month in June amid signs of a recovery in Europe’s largest economy, even as the euro area struggles to emerge from recession and China faces a cash crunch that may slow growth.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, rose to 105.9 from 105.7 in May, in line with the median estimate of 46 economists in a Bloomberg News survey. A gauge of executives’ expectations jumped to 102.5 from 101.6, while a measure of current business conditions fell to 109.4 from 110.