April 24, 2014 / 8:11 AM / 3 years ago

Ifo surprises with rise as German business strong despite Ukraine

1 Min Read

BERLIN, April 24 (Reuters) - German business sentiment confounded expectations with a surprise rise in April, signalling that Europe's largest economy is shrugging off tensions between the West and Russia over Ukraine.

The Munich-based Ifo think tank's business climate index, based on a monthly survey of some 7,000 firms, increased to 111.2 from an unrevised 110.7 in March. Expectations in a Reuters poll of 40 economists had been for a fall to 110.5. (Reporting by Berlin Newsroom)

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