September 24, 2013 / 8:08 AM / 4 years ago

German business morale improves in September

BERLIN (Reuters) - German business morale improved for a fifth consecutive month in September, albeit less than expected, in a further sign that Europe’s largest economy is staging a recovery after a weak start to the year.

The Munich-based Ifo think tank said on Tuesday its business climate index, based on a monthly survey of 7,000 firms, rose to 107.7, missing the consensus forecast in a Reuters poll for a reading of 108.2. That compared with a revised reading of 107.6 in August.

Reporting by Berlin bureau, writing by Michelle Martin

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