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German business morale hits 3-year high on reopenings
Index climbed to 101.8 points from 99.2 in May
24 June, 12:43
(ANSA-AFP) - FRANKFURT, JUN 24 - German business confidence
rose to a near three-year high in June, a key survey showed
Thursday, buoyed by reopenings and falling coronavirus infection
rates in Europe's top economy. The Munich-based Ifo institute's
monthly confidence barometer, based on a survey of 9,000
companies, climbed to 101.8 points from 99.2 in May. The reading
was slightly better than analysts had predicted and reached its
highest level since November 2018. "The German economy is
shaking off the coronavirus crisis," said Ifo president Clemens
Fuest. Businesses were both more optimistic about their current
situation and about the outlook for the second half of the year,
the survey found. (ANSA-AFP).
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