Germany’s Business Confidence Unexpectedly Increases: Economy [1]

Bloomberg By Gabi Thesing - Nov 23, 2012 4:16 AM MT

German business confidence unexpectedly rose from the lowest in 2 1/2 years in November, signaling Europe’s largest economy may regain some strength.

The Munich-based Ifo institute said its business climate index, based on a survey of 7,000 executives, climbed to 101.4 from 100 in October, the first gain in eight months. Economists predicted a drop to 99.5, according to the median of 48 forecasts in a Bloomberg News survey. French business confidence increased from the lowest in more than three years this month, a separate report showed today.

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