Economic sentiment in Germany rose to the highest level in November 2014, signaling a small spark of revival in Europe’s biggest economy which eked out slim growth last quarter, averting a recession.

The index measuring German economic sentiment rose by 15.1 points to 11.5 in November from -3.6 in October, the ZEW Centre for Economic Research reported on Tuesday.

Analysts were estimating the index of German economic sentiment to rise to 0.9 in November.

"The recent growth figures for the euro area suggest that the economy is stabilizing, which contributed to the indicator’s increase” ZEW said.

The 18-member Euro area economy grew 0.2 per cent while the German GDP increased 0.1 per cent in Q3, reversing a 0.2 per cent decline in the prior quarter.