Photo: DPAConfidence among German business leaders hit a "euphoric" all-time high in July, the Munich-based Ifo institute said, beating analysts' expectations of a small decline. July's increase in the Ifo index was powered by improvements in businesses' view of both their current situation and the outlook for the coming months. "Companies' satisfaction with their current business situation reached its highest level since German reunification" in 1990. Looking to different sectors in the economy, manufacturers and construction firms were positive about both the present situation and the future outlook. Retail companies became slightly more negative about both the present situation and the future.

Source: The Local July 25, 2017 08:48 UTC