MUNICH, June 24 Improved export expectations,
particularly in the auto industry, drove the rise in Germany's
business climate index in June, Ifo economist Klaus Wohlrabe
told Reuters on Monday.
Wohlrabe said Europe's largest economy would likely grow
significantly more in the second quarter than in the first, and
the worst floods in Germany in a decade would impact the economy
both negatively and positively in coming quarters.
"The German industry is pinning strong hopes on exports,"
the economist said.
It was yet to be seen whether the latest European Central
Bank and Federal Reserve policy decisions and comments would
impact the real economy, Wohlrabe said.