German business confidence rises in May
German economy
Frankfurt - Arab Today
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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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