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German business confidence up more than expected
Germany's closely watched Ifo index of business optimism rises ahead of expectations
By The Associated Press

FRANKFURT, Germany (AP) ' Germany's much watched Ifo index of business optimism rose for the third month in a row in a positive sign for the largest economy in the eurozone.

The January reading of 108.3 was up from 107.2 in December and exceeded market expectations for around 107.5.

It's a positive sign for the largest economy in the eurozone. Economists say Germany may show a slight dip in output for the last months of the year and then resume moderate growth later in 2012.



The government expects 0.7 percent growth for the year.


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