German business confidence strengthened at the end of the year, reports said citing survey results from the Munich-based ifo Institute on Monday.
The business confidence index rose to 88.6 in December from revised 86.4 in the previous month. This was also above economists' forecast of 87.4.
The current situation index came in at 94.4 in December. The score was expected to climb moderately to 93.5.
At 83.2, the expectations index also remained above the expected level of 82.0.
