Business confidence posts surprise rise - The Local
Germany's Ifo business confidence index posted a surprise rise on Friday, suggesting investors remain positive about prospects for Europe's top economy despite the Greek debt crisis and concerns about US growth.
The monthly Ifo business climate rose in June, its first increase since February, to 114.5 points from 114.2 points in May, beating expectations of 113.5 points, according to a poll of economists by Dow Jones Newswires.
"The German economy is experiencing a robust upswing. The business climate in manufacturing continues to be good," Ifo President Hans-Werner Sinn said.
The monthly Ifo business climate rose in June, its first increase since February, to 114.5 points from 114.2 points in May, beating expectations of 113.5 points, according to a poll of economists by Dow Jones Newswires.
"The German economy is experiencing a robust upswing. The business climate in manufacturing continues to be good," Ifo President Hans-Werner Sinn said.
