2021.06.2408:29:00UTC+00German Business Confidence Improves More Than Expected

German business confidence improved more-than-expected in June, reports said citing survey results from ifo Institute on Thursday.

The business climate index rose to 101.8 in June from 99.2 in the previous month. The score was expected to rise moderately to 100.6.

According to ifo, both current assessment as well as expectations improved in June. The current conditions index came in at 99.6 in June. Economists had forecast the index to advance to 97.8 from May's initially estimated 95.7.

The expectations index climbed to 104.0 in June and was marginally above the expected score of 103.9.