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German Ifo business morale rises sharply in Feb

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(Globalpost/GlobalPost)

BERLIN, Feb 22 (Reuters) - 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 on Friday 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.

http://www.globalpost.com/dispatch/news/thomson-reuters/130222/german-ifo-business-morale-rises-sharply-feb