Home Business German business morale hits highest point in nearly six years
German business morale hits highest point in nearly six years

German business morale hits highest point in nearly six years

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German business morale brightened more than expected in April, hitting its highest in nearly

six years, a survey showed on Monday, suggesting Europe’s largest economy is set to carry its robust upswing into the second quarter of this year.

The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 112.9 from an upwardly revised 112.4 in March. The reading, the highest since July 2011, came in stronger than a Reuters consensus forecast for a value of 112.5.

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