(Bloomberg) -- German business confidence rose for a second month in April, indicating growth in Europe's largest economy may accelerate.
The Ifo institute's sentiment index, based on responses from 7,000 executives, climbed to 108.6 from 107.7 in March, the Munich-based research institute said today. Economists expected an increase to 107.9, 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.
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