German business sentiment in March hit its highest level in eight months, the Ifo index showed Wednesday, in the latest sign that a weak euro and monetary stimulus are working their magic on Europe’s biggest economy.
The closely watched headline Ifo index rose to 107.9 in March from 106.8 in February and above expectations for a reading of 107.3 by analysts polled by Reuters.
The news is in line with figures from the ZEW institute released last week showing investor sentiment in Germany rose to its highest level in just over a year in March.
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