German business sentiment rises for third month

German business morale rose to its highest level in six months in January, climbing for a third consecutive month, a survey showed yesterday, in a sign that 2015 got off to a strong start for Europe’s largest economy.

Ifo’s business climate index, based on a monthly survey of some 7,000 firms, increased to 106.7 in January from 105.5 in December.

That was the highest reading since July and compared with the Reuters consensus forecast for 106.3.