German IFO index rises for the first time in 7 months

FXStreet (London) - The German IFO institute's business climate index beat expectations today by printing at 104.7 – the first rise in seven months. Consensus expectations had been for a further decline to 103 after the 103.2 print in October. Despite the improved survey results, the German outlook remains weak after 0.1 percent GDP growth in the third quarter.