Survey: German business confidence rebounds after dipping on uncertainty over Ukraine crisis

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BERLIN – German business confidence has rebounded after dipping amid fears about the possible economic impact of the crisis in Ukraine.

The Ifo institute said Thursday that its closely watched monthly confidence survey increased to 111.2 points in April from 110.7 last month.

The rise was prompted by an improvement in companies’ outlook for the next six months.

In March, the Ifo index slipped as uncertainty over the crisis in Ukraine and business ties with Russia weighed on companies’ outlook.

Germany and other European countries have imposed limited sanctions on Russia over its annexation of Crimea but have yet to progress to wider economic sanctions.

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