Business confidence rises in Germany for fifth straight month

|By:, SA News Editor

German business confidence rises for the fifth consecutive month in September, as executives become increasingly optimistic about the prospects for the eurozone's largest economy, where unemployment is sitting at a twenty-year low.

The Ifo institute's business climate index rose to 107.7 this month from 107.6 (revised) in August. Economists were expecting a reading of 108.

A read on the current situation fell to 111.4 in September from 112 in August, while a measure of expectations rose to 104.2 from 103.3.

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