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Tuesday, August 27, 2013

German business confidence rises again.

Germany's Ifo index of business confidence has risen to its highest level since April 2012, increasing to 107.5 this month from 106.2 in July and topping consensus of 107. The current assessment and the expectations indices improved as well. The business climate indicator for manufacturing increased significantly and also hit the highest level in 16 months, with companies expecting exports to strengthen.

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