Business confidence in Germany is continuing to rise, albeit slowly, suggesting that the burgeoning recovery in Europe's biggest economy is on track even if it could prove sluggish, data showed Tuesday.
A BMW assembly plant in Leipzig, eastern Germany, on September 18, 2013. German business confidence has risen for the fifth month in a row in September, according to the Ifo institute's closely watched index, but fell fractionally short of analysts' expectations for Europe's biggest economy.
The Ifo economic institute's closely watched business climate index rose for the fifth month in a row in September, inching up to 107.7 points from 107.6 points in August.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.