German business morale grew more than expected in July thanks to significantly improved expectations, a survey showed on Monday.
The Ifo institute said its business climate index rose to 86.6 from a slightly upwardly revised 85.7 in June.
Economic expectations rose to 86.7 in July from 84.3 in June, posting a strong increase.
However, companies were slightly less satisfied with their current business performance, with the index falling to 86.5 in July from 87.0 in the previous month.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
