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German business morale rises

Friday, February 22 09:28:56

German business morale posted its strongest monthly rise since July 2010 in February, pushing higher for a fourth consecutive month and suggesting Europe's largest economy could rebound strongly after a dismal end to 2012.

The Munich-based Ifo think tank said today its business climate index, based on a monthly survey of some 7,000 firms, rose to 107.4 in February, up from a revised 104.3 in January.

That beat the median forecast in a Reuters poll of 41 economists for the index to climb to 105.0, and was well above the highest estimate of 106.2. ( C) Reuters

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