German Business Confidence Unexpectedly Climbed in November

Posted by Forexsq 513 days ago (http://www.bloomberg.com)
img German business confidence unexpectedly rose from a 2 1/2 year low in November, signaling growth in Europe’s largest economy may rebound.

The Munich-based Ifo institute said its business climate index, based on a survey of 7,000 executives, climbed to 101.4 from 100 in October for its first gain in eight months. Economists predicted a drop to 99.5 according to the median of 48 forecasts in a Bloomberg News survey. French business confidence increased from the lowest in more than three years this month, a separate report showed today.


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