India, April 24 -- German business confidence improved in April despite trade tariff uncertainty weighing on expectations, survey results from the the Munich-based ifo Institute revealed on Thursday.
The ifo business climate index rose to 86.9 points from 86.7 points in March. The score was forecast to fall to 85.1.
Companies were more positive about their current situation but their expectations were gloomier, ifo President Clemens Fuest said. Uncertainty among the companies has increased.
The German economy is preparing for turbulence, added Fuest. The current situation index logged 86.4 in April, up from 85.7 in the prior month. Moreover, the reading was above economists' forecast of 85.4.
By contrast, the expectations index declined...