German business confidence rises in May

GMT 08:43 2016 Wednesday ,25 May

Arab Today, arab today German business confidence rises in May

German economy
Frankfurt - Arab Today

German business confidence rose in May as companies become increasingly optimistic about the outlook for Europe's biggest economy, the Ifo economic institute said on Wednesday. 

The Ifo institute's closely-watched business climate index increased to 107.7 points in May from 106.7 points in April, Ifo said in a statement. Analysts had been expecting a much more modest increase in the index this month. 

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