Germany leads eurozone revival - Gartmore

Germany is leading the eurozone revival, remaining robust despite the US slowdown and an increase in...

Germany is leading the eurozone revival, remaining robust despite the US slowdown and an increase in sales tax, according to Gartmore. Roger Guy, manager of the Gartmore European Selected Opportunities fund, said the Munich-based Ifo sentiment index remains strong, despite predictions of a market decline in March, suggesting that growth in the region is resilient. Current Ifo data stands at 107.7, close to the all-time high of 108.7 reached in December 2006. "Empirical evidence points to encouraging growth prospects in Germany," he added. "A maturing cycle and improving labour market ...