Reports highlight an improvement in German business sentiment in April, according to survey data from the Ifo Institute. The business confidence index rose to 89.4 in April, surpassing economists' prediction which estimated a modest increase to 88.9 from the original value of 87.8 in March.
Both the evaluation of the current situation and future outlook strengthened in April. The index for the present situation rose to 88.9, exceeding economists' projection of 88.7. Similarly, the expectations indicator for April posted a figure of 89.9, surpassing the anticipated level of 88.9.
