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http://www.marketwatch.com/story/german-ifo-gauge-soars-ignores-irish-debt-woes-2010-11-24
German Ifo gauge soars, ignores Irish debt woes
Business sentiment indicates German recovery picking up steam
Renewed sovereign-debt problems in Ireland had little impact on business sentiment in Germany, with the Ifo Institutes closely-watched business-climate index soaring to the highest levels since the nation was reunified.
The Munich-based Ifo Institute on Wednesday said its November business-climate index rose to 109.3 from a revised 107.7 in October.
The October index was revised from an initial reading of 107.6. Economists had forecast a 107.6 reading for November.
The upswing in the German economy is gaining more and more strength, said Ifo Institute President Hans-Werner Sinn.
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