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. “Germany is actually in a strong position and the order books are still full,” Carsten Brzeski, an economist at ING Group in Brussels, said before the release. “As long as the labor market and domestic spending hold up, we’re only looking at a ... (full story)