German business confidencesurpasses analyst's estimates as IFO business climate indicator rose to 108.3 in January compared withprojections 107.6 and the prior reading of 107.2. The current assessment gauge, however, slipped to 116.3 from the previous 116.7 and median estimates of 116.8. Finally, the expectations gauge advanced to 100.9 compared with the revised 98.6, which was 98.4 initially, and forecasts of 99.0.