German Business Confidence Holds at Highest Level Since 2014
- Ifo business climate index unchanged at revised 110.4
- Gauges for current situation improved, expectations worsened
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German business sentiment held at the highest level in more than two years in November, signaling that the recovery in Europe’s largest economy remains on track.
The Munich-based Ifo institute’s business climate index stayed at 110.4, unchanged from a revised reading for October. That’s the strongest since April 2014 and compares with a median estimate in a Bloomberg survey of economists of 110.5.