GMtoday.com
 LATEST NEWS
 Top Stories
 U.S.
  Severe Weather
  Bird Flu
 World
  Castro
  Mideast Crisis
  Iraq
 Business
 Personal Finance
 Technology
 Sports
  Sports Columns
  NASCAR
  Baseball
  College Hoops
  NBA
  NHL
  Tennis
  Golf
 Entertainment
 Health
 Science
 Politics
 Washington
 Offbeat
 Podcasts
 Blogs
 Weather
 Raw News
 NEWS SEARCH
 
 Archive Search
 SPECIAL SECTIONS
 Multimedia Gallery
 AP Video Network
 Today
 in History
 Corrections
Apr 24, 5:15 AM EDT

German business confidence posts sixth straight increase


Latest Business News
Biggest US players in the cable game

American, United delay, change Boeing 787 orders

Taking the abs out of Abercrombie: retailer tones down sexy

Business Highlights

Oil, gas, power, prices: big themes from energy meeting

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
Las Vegas bullish on Mayweather-Pacquiao megafight

New York begins effort to help startups navigate regulations

German business confidence posts sixth straight increase

Austerity's legacy: British election focused on UK economy

Don't panic, college seniors: Jobs for grads likely to grow

Stock of online marketplace Etsy surges in trading debut

Swiss government: no need for stimulus to cushion franc rise

China's slowdown deepens, stepping up pressure on Beijing

IMF cuts forecast for US economy, upgrades Europe and Japan

US retail sales heat up in March; has big thaw arrived?

Buy AP Photo Reprints
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

FRANKFURT, Germany (AP) -- A closely watched survey of optimism among German businesses shows that confidence grew for a sixth straight month in Europe's biggest economy.

The Ifo institute said Friday that its monthly confidence index rose to 108.6 points for April from 107.9 in March. The reading slightly exceeded market expectations for 108.4 points.

Ifo says the numbers show the "upswing in the German economy continues."

Analyst Carsten Brzeski at ING said that "the German economy is in decent shape" and that "the first months of the year point to a good, though not excellent, growth performance in the first quarter."

Germany's economy is helping the 19-country eurozone slowly rebound from a crisis over high government and bank debt. Governments have held back spending to try to reduce debt, keeping growth slow and unemployment high. A 1.1 trillion euro ($1.2 trillion) monetary stimulus program from the European Central Bank is expected to help growth pick up in coming months.

The Ifo survey is based on some 7,000 monthly surveys of business managers and is closely watched as a key indicator of Germany's economic prospects.

© 2015 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.