German Business Sentiment May Reach Seven-Month High in February
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German business confidence probably rose to the highest in seven months in February as progress in taming Europe’s debt crisis tempered the risk of a recession.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, climbed to 108.8 from 108.3 in January, according to the median forecast of 38 economists in a Bloomberg News survey. That would be the fourth straight gain and the highest value since July. The institute will release the report at 10 a.m. in Munich today.