German business sentiment rose for a fourth month running in July and hit its highest level since October 2008, a closely watched survey showed this morning.
The Munich-based Ifo think tank's business climate index, based on a monthly poll of some 7,000 firms, rose to 87.3 from 85.9 in June.
A Reuters poll of 50 economists had pointed to a reading of 86.5, with forecasts ranging from 85.5 to 88.
Reuters
