Jun 26, 4:30 AM EDT

Business confidence in Germany has risen to another record high as managers' view of both their outlook and their current situation brightens, according to a closely watched survey


Latest News
German Chancellor Angela Merkel for the first time seems to have softened her previous opposition toward legalizing same-sex marriages

Five rare Barbary lion babies have been presented for the first time at a zoo in Neuwied in southwestern Germany and attracted much delight among visitors as they clumsily plodded through their outdoors enclosure

The German government says it doesn't expect to see Turkish security agents accused of attacking protesters during President Recep Tayyip Erdogan's visit to Washington at the upcoming Group of 20 summit in Hamburg

Germany's antitrust authority says it had to revoke 238 million euros ($266 million) in fines imposed on sausage manufacturers for price collusion because the companies used a now-closed loophole in competition law

Business confidence in Germany has risen to another record high as managers' view of both their outlook and their current situation brightens, according to a closely watched survey

Multimedia
Exhibit Honors Soviet Photographer
Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Business confidence in Germany has risen to another record high as managers' view of both their outlook and their current situation brightens, according to a closely watched survey

A global financial organization says the world economy has picked up and prospects for the next few months are the best in a long time

Puerto Rico's governor says he will go to court to fight a federal control board's call to cut a public pension system by 10 percent, furlough tens of thousands of government workers and eliminate Christmas bonuses

A closely watched survey shows that economic growth across the 19-country eurozone has slipped back in June to a five-month low but that the region still enjoyed its best quarter for more than six years

Few events outside of war can have quite as much impact on the economy of a country as Britain's decision a year ago to leave the European Union

Mexico's central bank has raised its benchmark interest rate a quarter-point to 7 percent in an effort to limit inflation

Egypt doubles subsidized food millions of ration card holders depend on, raises pensions amid soaring prices

Egyptian President Abdel-Fattah el-Sissi says the government will increase the monthly capacity of ration cards through which it distributes food subsidies in an attempt to ease the effects of hard-hitting economic reforms

A United Nations economist has been arrested in New York on fraud charges related to his hiring of a Bangladeshi domestic worker

Cyprus' finance minister says the country has managed to secure the lowest-ever interest rate on a public bond issue, hailing it as a strong signal of trust from international markets in the Cypriot economy

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Berlin Wall: 20 Years Later

BERLIN (AP) -- A survey shows that business confidence in Germany has risen to another record high as managers' view of both their outlook and their current situation brightens.

The Ifo institute said Monday that its monthly confidence index was up to 115.1 points for June from 114.6 in May, the previous record.

The Ifo's index is calculated on the basis of firms' views of both the current situation and the outlook for the next six months. Both elements rose in June.

The Ifo surveys some 7,000 companies for its index.

The German economy, Europe's biggest, grew by 0.6 percent in the January-March period compared with the previous quarter. It appears to be on course for another strong performance in the current quarter.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.