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German business confidence rises as QE outweighs Greece fears

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Published Mon, Feb 23, 2015 · 09:50 PM

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Frankfurt

GERMAN business confidence rose for a fourth month as faster economic growth and optimism over European Central Bank (ECB) stimulus outweighed fears of a worsening Greek crisis.

The Ifo institute's business climate index, based on a survey of 7,000 executives, advanced to 106.8 in February from 106.7 in January. The median estimate of 37 economists in a Bloomberg News survey was for an increase to 107.7.

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