German business confidence jumps again in October: Ifo

22nd October 2010, Comments 0 comments

German business confidence posted a surprise jump in October to a level last seen in March 2007, a key survey showed on Friday.

The Ifo economic research institute said its business confidence index climbed to 107.6 points from 106.8 points in September.

The widely-watched reading of sentiment in Europe's biggest economy had been expected to slip to 106.4 points according to analysts polled by Dow Jones Newswires.

© 2010 AFP

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