Germany business confidence improved unexpectedly in June, reports said citing survey results from Ifo Institute on Friday.
The Ifo Business Climate indicator rose to 108.7 in June from 107.8 in May. It was forecast to fall to 107.4.
The current conditions index came in at 114.5 versus 114.2 a month ago. Economists had expected the score to drop to 114.
Similarly, the expectations index climbed to 103.1 in June. The expected score was 101.2.
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