Germany's business confidence improved more-than-expected in November to reach its highest level in three months from a twenty-nine month low in October, as companies' pessimism regarding the coming months reduced sharply, survey results from the ifo Institute showed on Thursday.
The business confidence index rose to 86.3 in November from 84.5 in October, the Munich-based ifo said. The index was forecast to increase to 85.0.
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