Recovery in eurozone continuing

Economic sentiment in the eurozone rose to a seven-month high and German unemployment dropped, keeping the region on a recovery path as the ECB prepares to unleash its quantitative-easing programme.

An index of executive and consumer confidence climbed to 102.1 in February from a revised 101.4, the European Commission said yesterday, beating the 102 median estimate in a Bloomberg survey.

In Germany, the number of people out of work declined a seasonally adjusted 20,000 to 2.81m, twice as much as predicted.