India, July 27 -- German business confidence strengthened in July as companies became less pessimistic about future activity despite the uncertainty surrounding the war in the Middle East, survey results from the ifo Institute showed Monday.
The business climate index rose to a five-month high of 86.6 in July from 85.7 in the previous month. The reading was seen at 86.1.
The survey showed a significant improvement in expectations, while companies were somewhat less satisfied with their current situation.
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