The Ifo institute in Munich said its business climate index, based on a survey of 7,000 executives, increased to 114.5 from 114.2 in May. Economists forecast a drop to 113.4, the median of 39 estimates in a Bloomberg News survey showed.
German companies have boosted output and hiring, pushing the jobless rate to the lowest in two decades. The Bundesbank on June 10 raised its economic growth forecast for this year, calling the recovery "broad based." Still, the economy may struggle to maintain its growth momentum as the region's governments seek to avert a Greek debt restructuring.
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