Frankfurt - German business sentiment rose to the strongest level in almost six years in a sign that the momentum in Europe’s largest economy is set to continue.
The Munich-based Ifo institute’s business climate index increased to 112.9 in April from a revised 112.4 in March. That compares with a median estimate of 112.4 in a Bloomberg survey of economists.
The economy expanded at the fastest pace in five years in 2016, and reports since then have underlined expectations for a continued robust performance. The nation’s strength is key to the euro area’s recovery as the European Central Bank, which meets to set policy on Thursday, edges toward a decision on when to unwind its extraordinary stimulus.