2017.03.2705:52:00UTC+00Germany’s Business Sentiment Reaches Highest since 2011

Germany's business confidence touched its highest since July 2011, implying the economy is maintaining its ground.

Official data showed the business climate index escalated to 112.3 this month from a revised 111.1 in the previous month. It said a gauge of current economic conditions rose to 119.3, previously 118.4. A measure of expectations climbed to 105.7 from a revised 104.2.

The European Central Bank has said the recuperation is strengthening but not formidable enough to spark self-sustaining inflation and conclude a distinct monetary backing.