German business sentiment rises in Feb

German business morale improved in February for the fourth consecutive month, adding to signs that Europe's largest economy is recovering despite the energy crisis and high inflation, a survey said on Wednesday.

The Ifo institute said its business climate index stood at 91.1 following a revised reading of 90.1 in January.

A Reuters poll of analysts had pointed to a February reading of 91.2.

"The German economy is gradually working its way out of a period of weakness," said Ifo President Clemens Fuest.

Business sentiment is forecast to continue improving in the coming months, according to Union Investment's chief economist Joerg Zeuner.