German companies are more confident than ever as they tap into the global economic upswing.A measure of the nation’s business confidence set a new record high in November. The Ifo institute’s index climbed to 117.5 from a revised 116.8, beating economists’ estimates for the gauge to remain unchanged.“The recent uptick is the index is mostly due to the manufacturing sector, so the export industry really,” Ifo Institute President Clemens Fuest said in an interview on Bloomberg Radio. “We’ve had a strong domestic economy for some time and what’s being added now is a stronger global economy.”
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