Confidence in German economy rises
An index of western German business sentiment increased for a fourth month to 90.8, from a revised 89.3 in July, the Ifo institute in Munich said. Economists had expected a gain to 90.
A recovery in Germany, aided by the lowest interest rates in more than a century and the prospect of €22 billion in tax cuts next year, would help the economy of the 12 nations sharing the euro to resume growth. Companies from E.ON AG to Linde AG reported higher earnings in the second quarter.
