German business confidence rises again, says Ifo

German business confidence has risen for the third month in row, reflecting a "positive" start to the year for Europe's biggest economy, according to the Ifo economic think tank.

The closely-watched Ifo Business Climate Index rose to 108.3 in January, up from 107.3 in the previous month.

Firms saw the current situation as less favourable, but expectations for the future had "brightened considerably".

http://www.bbc.co.uk/news/business-16721086