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Euro zone business optimism on the rise

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Euro zone business optimism on the rise

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Business confidence in the euro zone has risen for the fifth month in succession, hitting a 2-year high this month.

It is seen as evidence that a recovery is underway.

The economy worth 9.5 trillion euros displayed modest growth in the second quarter of this year led by a better than expected expansion in both Germany and France.

Euro zone leaders are desperate to find an antidote to record unemployment figures and for growth to bed in and continue the upward trend.

The European Central Bank expects the improvements to continue and become established in the new year.