Jul 25, 4:09 AM EDT

German business confidence reaches new record high


Latest Business News
US stocks mixed; telecom gains offset drops for tech stocks

Average US mortgage rates fall for 2nd straight week

Markets Right Now: Earnings drive more stock gains

Dunkin's US customer traffic slows, expansion plan trimmed

Do you know what's hiding in your ETF?

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
South Korea's economy expands 2.7 percent in 2Q

Britain's economy stuck in low gear amid Brexit concerns

Britain's economy picked up only slightly in second quarter

Game of Thrones: Shattering the dragonglass ceiling

German business confidence reaches new record high

South Korea shifts gears, aims at more labor-friendly growth

IMF warms to eurozone economy amid lower political risks

IMF upgrades eurozone, Japan; leaves world outlook unchanged

Eurozone growth projections revised up by the IMF

Spanish minister revises 2017 growth forecast to 3.2 percent

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Berlin Wall: 20 Years Later

BERLIN (AP) -- A survey shows that business confidence in Germany has risen to another record high as managers' view of both their outlook and their current situation brightens.

The Ifo institute said Tuesday that its monthly confidence index was up to 116.0 points for July from 115.2 in June, the previous record.

The Ifo's index is calculated on the basis of firms' views of both the current situation and the outlook for the next six months. Both elements rose in July.

The Ifo surveys some 7,000 companies for its index.

Germany's economy, the largest in the 19-country eurozone, has been growing steadily thanks to exports and strengthening consumer demand amid low unemployment at home.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.