German Ifo Confidence at 10-Month High as Stimulus Kicks

April 24, 2015 8:38 AM

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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.

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