India, Feb. 23 -- German business confidence strengthened to a six-month high in February on improving assessment about current situation and upbeat outlook, survey data from the Munich-based ifo Institute showed Monday.
The business climate index rose more-than-expected to 88.6 in February from 87.6 in the previous month. The score was the highest since last August. The expected reading was 88.4.
Companies were more satisfied with their current business situation. Expectations also developed positively, the survey showed.
"The German economy is showing first signs of recovery," ifo Institute President Clemens Fuest said.
The current situation index posted 86.7, up from 85.7 in January and also remained above economists' forecast of 86....