German business confidence improved more-than-expected in August, as optimism over the outlook for growth in the euro zone’s largest economy boosted sentiment, industry data showed on Tuesday. In a report, the German research institute, Ifo said its Business Climate Index rose to a seasonally adjusted 107.5 in August from a reading of 106.2 in July. Analysts had expected a reading of 107.0. The Current Assessment Index rose to 112.0 in August from 110.1 in July, compared to expectations for an increase to 110.9. The Business Expectations Index, which measures attitudes toward business prospects over the next six ... (full story)