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Germany is traditionally seen as the EU's economic motor (Photo: Duchamp)

German economy sparks hopes of EU recovery

Fresh data on business sentiment in Germany have sparked hopes that Europe's biggest economy may be on the path to recovery, while the latest figures from the UK have disappointed market insiders.

The closely watched business climate index by the Munich-based Institute for Economic Research (Ifo) rose to 87.3 points in July on Friday (24 July), improving for the fourth consecutive time after reaching a seven-month high in June.

"Firms are not so unhappy with the current business ...

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Germany is traditionally seen as the EU's economic motor (Photo: Duchamp)

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