Germany's business confidence unpredictably rises

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Source: Bloomberg
© Scanpix/Reuters
Germany's business confidence index increased in November despite unanimous pessimistic forecasts. Ifo institute in Munich reported that index has actually increased from 106.4 to 106.6. Experts surveyed by Bloomberg predicted a drop to 105.2. Carsten Brzeski, ING Group's economist in Brussels, pointed out that Germany's position in reality is rather strong.
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