German business confidence rises unexpectedly
German business confidence unexpectedly rose to an eight-month high in March, suggesting Europe’s largest economy will return to growth.
German business confidence unexpectedly rose to an eight-month high in March, suggesting Europe’s largest economy will return to growth even as the sovereign debt crisis curbs euro zone demand for its exports.
The Munich-based Ifo institute said today its business climate index, based on a survey of 7,000 executives, increased to 109.8 from a revised 109.7 in February, Bloomberg reported. German manufacturing output unexpectedly contracted this month as governments and households reduced spending...
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