German Business Confidence Rebounds on Resilient Domestic Demand
- Ifo business climate index advances to 106.7 from 105.7
- Germany economy relying on domestic demand as exports cool
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German business confidence improved for the first time in four months in a sign that domestic demand is helping shield companies in Europe’s largest economy from slowing global growth.
The Munich-based Ifo institute’s business climate index rose to 106.7 in March from 105.7 the previous month. The median estimate in a Bloomberg survey of economists was for an increase to 106.