German Business Outlook Unexpectedly Rises to Brightest in Year
- Ifo expectations rises to 91.2 in March; economists saw 88.3
- German economy stabilizing despite market turmoil, Fuest says
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Germany’s business outlook unexpectedly improved to the highest in more than a year, defying recent turmoil in financial markets.
An expectations gauge by the Ifo institute rose to 91.2 in March from 88.4 the previous month. That’s stronger than predicted by any economist in a Bloomberg survey, where the median estimate anticipated a slight drop. An index of current conditions also increased.