Photo: DPAGerman business confidence soared to a "jubilant" new high in June, having already reached a quarter-century peak the previous month, a survey said Monday. The closely-watched Ifo business confidence index set a new record of 115.1 points, defying expectations of analysts of a slight decline after it reached 114.6 in May, the highest since 1991. "Sentiment among German businesses is jubilant," said Ifo president Clemens Fuest in a statement. "Companies were significantly more satisfied with their current business situation this month. Assessments of the current business situation remained unchanged at a very high level."

Source: The Local June 26, 2017 10:07 UTC