Tuesday, April 24, 2007

German Confidence Index Probably Rose, Signaling Faster Pace of Expansion

(Bloomberg) -- German business confidence probably rose for a second month in April, indicating growth in Europe's largest economy may accelerate, a survey of economists shows.

The Ifo institute's sentiment index, based on responses from 7,000 executives, increased to 107.9 from 107.7 in March, according to the median of 45 forecasts in a Bloomberg News survey. The index reached 108.7 in December, the highest since records for a reunified Germany began in 1991. Munich-based Ifo will release the report at 10 a.m. today.


Read more at Bloomberg Bonds News

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