BERLIN, April 24 German business morale
brightened more than expected in April, hitting its highest in
nearly six years, a survey showed on Monday, suggesting company
executives are more upbeat about the current state of Europe's
The Munich-based Ifo economic institute said its business
climate index, based on a monthly survey of some 7,000 firms,
rose to 112.9 from an unpwardly revised 112.4 in March.
The reading, the highest since July 2011, came in stronger
than a Reuters consensus forecast for a value of 112.5.
"The German economy is growing strongly," Ifo chief Clemens
Fuest said in a statement.
Managers' assessments of the current business situation
improved significantly while their outlook for the coming six
months was a bit less optimistic.
The survey was conducted in the first half of April, meaning
it did not include any reaction to the first round of the French
presidential election on Sunday in which centrist Emmanuel
Macron came in first, qualifying for a May 7 runoff alongside
far-right leader Marine Le Pen.
(Reporting by Michael Nienaber; Editing by Paul Carrel)