Economics
German Ifo Confidence at 10-Month High as Stimulus Kicks
Germany is important to the 19-nation euro area’s economic health because it accounts for nearly 29 percent of gross domestic product.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
German business confidence jumped to a 10-month high in April in a sign that growth in Europe’s largest economy is set to pick up on the back of record stimulus and a favorable exchange rate.
The Ifo institutes’s business climate index rose for a sixth month to 108.6 from 107.9 in March. The median estimate was for an increase to 108.4, according to a Bloomberg survey of 36 economists.