German Business Confidence Brightens More Than Expected

German Business Confidence Brightens More Than Expected
Workers assemble motorcycles on the assembly line at the BMW motorcycle manufacturing plant in Berlin, Germany, on Dec. 19, 2022. Sean Gallup/Getty Images
The Associated Press
Updated:

BERLIN—German business confidence improved more than expected in December as managers in Europe’s biggest economy took a brighter view of both their current situation and the outlook for the next six months, a closely watched survey showed Monday.

The Ifo institute said its monthly confidence index rose to 88.6 points from 86.4 in November. Economists had expected an increase to 87.5.