Ifo: German business confidence rises in August
The Ifo institute
Frankfurt - Arab Today
German business confidence beat expectations by rising slightly in August, reflecting the continued robustness of Europe's biggest economy amid the current financial market turbulence, the Ifo economic institute said Tuesday.
The Ifo institute's closely-watched business climate index rose to 108.3 points this month from 108.0 points in July, beating analysts' expectations for a slight fall, Ifo said in a statement.
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