German Business Confidence Rises as Growth Pickup Seen
This article is for subscribers only.
German business confidence rose to the highest level in more than two years and beat economists’ forecasts in a signal that the expansion in Europe’s largest economy may be accelerating.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, climbed to 110.6 in January from 109.5 in December. Economists predicted an increase to 110, according to the median of 45 estimates in a Bloomberg News survey. It was the third consecutive increase and the strongest reading since July 2011.