German Business Confidence Up More Than Expected
January 25, 2012 2:27PM (UTC)
FRANKFURT, Germany (AP) — Germany's much watched Ifo index of business optimism rose for the third month in a row in a positive sign for the largest economy in the eurozone.
The January reading of 108.3 was up from 107.2 in December and exceeded market expectations for around 107.5.
It's a positive sign for the largest economy in the eurozone. Economists say Germany may show a slight dip in output for the last months of the year and then resume moderate growth later in 2012.
The government expects 0.7 percent growth for the year.
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