German business confidence edges up in June

 
Suzie Neuwirth

GERMAN business confidence rose slightly for the second consecutive month in June, indicating a slow recovery for Europe’s largest economy.

The CESifo group’s business climate index rose to 105.9 in June from 105.7 in May, broadly in line with economists’ expectations.

Germany’s economy contracted at the end of last year and has been slow to recover this year.