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German Business Sentiment Rises First Time Since April
German business confidence unexpectedly rose for the first time in seven months after Europe’s largest economy returned to growth. The Ifo institute’s business climate index, based on a survey of 7,000 executives, advanced to 104.7 in November from 103.2 in October. Economists predicted a decline to 103, according to the median of 41 estimates in a Bloomberg survey. German gross domestic product increased 0.1 percent in the three months through September after a contraction in the previous quarter, and investor sentiment climbed for the first time in 11 months in November. Even so, the pace of the recovery ... (full story)
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