Economics
German Business Confidence Climbs to Highest Since July 2011
- Ifo business climate index rises to 112.9 vs. est. 112.4
- Gauge for current conditions increases, expectations decline
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German business sentiment rose to the strongest level in almost six years in a sign that the momentum in Europe’s largest economy is set to continue.
The Munich-based Ifo institute’s business climate index increased to 112.9 in April from a revised 112.4 in March. That compares with a median estimate of 112.4 in a Bloomberg survey of economists.