FEELING GOOD: German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe’s biggest economy.
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BETTER THAN EXPECTED: The closely watched confidence index rose to 105.7 points for May from 104.4 last month. The upturn followed two consecutive declines and beat economists’ expectations of a very slight increase to 104.5.
LOOKING AHEAD: The Ifo think tank said the improvement in its survey was fueled by companies’ brighter view of their current situation, while their outlook for the next six months remained unchanged.
