Germany business confidence rises in August: Ifo
German business confidence posted a surprise rise in August, rising to 106.7 points on a key index from 106.2 points in July, the Ifo economic research institute said on Wednesday.
Analysts polled by Dow Jones Newswires had forecast on average a slight decline to 106 points following a record rise by the poll of 4.4 points in July.
The latest survey was released a day after official data confirmed Europe's biggest economy grew by 2.2 percent in the second quarter from the previous three-month period, the biggest quarterly increase since east and west Germany were reunified in October 1990.
© 2010 AFP