BERLIN, July 25 (Xinhua) -- German business confidence shows no sign of abating and has soared to a new record level, a closely-watched regular survey by the Ifo Institute for Economic Research showed on Tuesday.
The overall business climate index surpassed expectations to reach 116 points in July, compared to 115.2 points last month, although analysts had expected a fall to 114.9.
In response to the results, Ifo president Clemens Fuest released a statement that "the German economy is firing on all cylinders."
Corporate executives took a more positive view of the business climate they faced, as well as their prospects for the coming months.
"Companies' satisfaction with their current business situation reached its highest levels since Germany's reunification," the survey authors wrote.
The Ifo Institute for Economic Research is based in Munich and conducts monthly interviews with around 7,000 businesses from across the German economy.
July's figures further underline the current momentum enjoyed by the Eurozone's largest economy, as well as the wider bloc's improving economic health.
According to official Eurostat statistics, German GDP growth accelerated to 0.6 percent in the first quarter of 2017, well ahead of Britain and France. Encouraging data from 2017 also suggests so far that all Eurozone members grew simultaneously again for the first time since 2007.
