German business confidence rises in May

May 25, 2016 9:35 AM

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Frankfurt: German business confidence rose in May as companies become increasingly optimistic about the outlook for Europe's biggest economy, the Ifo economic institute said on Wednesday.

The Ifo institute's closely-watched business climate index increased to 107.7 points in May from 106.7 points in April, Ifo said in a statement.

Also read: How major US stock market indexes fared on Wednesday

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