Economics
German Business Sentiment Unexpectedly Rose in November: Economy
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German business confidence unexpectedly rose for the first time in five months in November, defying Europe’s worsening debt crisis.
The Munich-based Ifo institute’s business climate index, based on a survey of 7,000 executives, increased to 106.6 from 106.4 in October. Economists expected a decline to 105.2, according to the median of 40 forecasts in a Bloomberg News survey.