the republic logo

German business confidence posts sixth straight increase as economy continues to prosper

bug
Share/Save/Bookmark

FRANKFURT, Germany — A closely watched survey of optimism among German businesses shows that confidence grew for a sixth straight month in Europe's biggest economy.

The Ifo institute said Friday that its monthly confidence index rose to 108.6 points for April from 107.9 in March. The reading slightly exceeded market expectations for 108.4 points.

Ifo says the numbers show the "upswing in the German economy continues."

Analyst Carsten Brzeski at ING said that "the German economy is in decent shape" and that "the first months of the year point to a good, though not excellent, growth performance in the first quarter."

Germany's economy is helping the 19-country eurozone slowly rebound from a crisis over high government and bank debt. Governments have held back spending to try to reduce debt, keeping growth slow and unemployment high. A 1.1 trillion euro ($1.2 trillion) monetary stimulus program from the European Central Bank is expected to help growth pick up in coming months.

The Ifo survey is based on some 7,000 monthly surveys of business managers and is closely watched as a key indicator of Germany's economic prospects.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Subjects:

Places:

 

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.