German Ifo index (released on Wednesday) showed that the headline composite Business Climate Indicator (BCI) rose from 106.8 to 107.9, stronger than the consensus forecast.
Capital Economics notes .....
- March's rise in the German Ifo index provided further evidence that the recovery in the euro-zone's largest economy continued in Q1.
- The improvement was broad-based but the manufacturing component rose strongly, suggesting that the weaker euro is starting to have a positive effect on firms.


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