The mood in the German economy – Europe's largest – looks better than expected, shows a monthly index from the economic institute Ifo.
Ifo's index for June rose to 88.4, up from 87.5 in May. Analysts had on average expected an increase, but only to 88.0 according to a compilation of forecasts made by Bloomberg.
The sub-index for the view of the current situation rose to 86.2, from 86.1 in May. The sub-index for the view of the future rose to 90.7, from 89.0 in May.
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