The IFO Business Climate index for Germany rose to 114.6 for May, setting a record high. Economists expected a reading around 113.1.(courtesy of forexfactory.com)According to Bloomberg.com, "Consumption, investment and trade all contributed to 1Q growth". This bodes well for the rest of the Eurozone as well, because in this region, Germany's growth is the tide that can lift all boats.Bloomberg.com added," The German economy is firing on all cylinders, and a surge in sentiment suggests it has staying power. Business confidence rose to the highest since 1991 this month, while manufacturers saw the fastest growth in six years amid a surge in orders. Consumer spending, investment and exports all contributed to growth in the first quarter, helping the economy to expand 0.6 percent, its strongest performance in a year. "