Ifo German business morale rose in December - Reuters

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19 December 2016

Ifo German business morale rose in December - Reuters

Dec 19 German business morale rose in December, a survey showed on Monday, hitting its highest level since February 2014 and supporting expectations that Europe's largest economy will rebound in the fourth quarter.

The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 111.0 after from 110.4 in November.

The December reading compared with a Reuters consensus forecast for a value of 110.7.

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