German business confidence hits 7-month high
- Published: 25 Jan 2013 at 18.45
- Online news: World
Germany, Europe's top economy, appears to have put the worst of the region's debt crisis behind it, data showed Friday, with business confidence rising to its highest level in seven months.
Cars at an assembly line in Wolfsburg on March 7, 2012. German business confidence rose to its highest level in seven months in January, data showed, amid growing optimism that Europe's top economy has put the worst of the region's debt crisis behind it.
The Ifo institute's closely watched business climate index for Europe's top economy rose to 104.2 points in January -- its highest reading since June -- from 102.4 points a month earlier.
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