Saturday, 26 November 2011

Unexpected rise in German business confidence index

German business sentiment unexpectedly rose in November for the first time since June, according to an Ifo survey.

The influential think tank's business climate index, based on a monthly survey of 7,000 companies, edged up to 106.6 from October's figure of 106.4.

An Ifo economist said the figures suggested Germany will avoid recession this winter.

http://www.bbc.co.uk/news/business-15869064