FRANKFURT, April 24: German business sentiment rose for a third consecutive month in April, a key survey showed Wednesday, as hopes grow that a recovery is getting under way in Europes stuttering top economy.
The Ifo institutes closely-watched confidence barometer, based on a survey of around 9,000 companies, rose to 89.4 points, up from 87.9 points in March.
The increase was slightly higher than analysts surveyed by FactSet had expected.
The business climate reading rose across all sectors surveyed by Ifo -- manufacturing, services, trade and construction.
"Sentiment has improved at companies in Germany," Ifo president Clemens Fuest said in a statement.
"The economy is stabilising," he added. —AFP
