German Business Confidence Improves as Growth Strengthens
- Ifo business climate index rises to 111 vs estimated 110.6
- Gauges for current situation and expectations improve
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German business sentiment rose to the highest level in almost three years in December, signaling growth in Europe’s largest economy picked up speed toward the end of the year.
The Munich-based Ifo institute’s business climate index climbed to 111 from 110.4 in November. That’s the strongest since February 2014 and compares with a median estimate in a Bloomberg survey of economists of 110.6.