German Business Confidence Rises as Stimulus Effects Build
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German business confidence rose for a third month as falling energy costs and anticipation of more European Central Bank stimulus helped lift optimism about an economic recovery.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, advanced to 106.7 in January from 105.5 in December. The median estimate of 38 economists in a Bloomberg News survey was for an increase to 106.5.