German business sentiment unexpectedly improves in April, Ifo survey finds

BERLIN (Reuters) – German business morale unexpectedly rose in April, a survey showed on Thursday.

The Ifo institute said its business climate index rose to 86.9 in April from 86.7 in March.

Analysts polled by Reuters had forecast a decrease in the reading to 85.2.

(This story has been refiled to correct the day to Thursday, not Wednesday, in paragraph 1)

(Reporting by Rachel More and Miranda Murray)