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International Business Times
International Business Times
Science
AFP News

'Light On The Horizon': German Business Morale Improves

The improvement will bring hope that the eurozone's traditional growth engine is starting to recover after being battered by surging inflation, higher interest rates and an industrial slowdown (Credit: AFP)

German business morale rose more strongly than expected in March, a key survey showed Friday, raising hope there is "light on the horizon" for Europe's crisis-hit top economy.

The Ifo institute's closely watched confidence barometer, based on a survey of around 9,000 companies, rose to 87.8 points, from 85.7 in February.

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