-
German business sentiment improves in October - Ifo
German business morale improved more than expected in October, following five consecutive months of decline, a survey showed on Wednesday. The Ifo institute said its business climate index stood at 86.9 versus the 85.9 reading forecast by analysts in a Reuters poll, following a slightly revised reading of 85.8 in September. Companies were somewhat more satisfied with the current business situation and managers were also less pessimistic about the coming months, the survey showed. "The German economy sees a silver lining on the horizon," Ifo president Clemens Fuest said.
-
ifo Business Climate Index Rises (October 2023)
Sentiment in the German economy has improved. The ifo Business Climate Index rose to 86.9 percent in October, up from 85.8 percent (Seasonally adjusted) in September. Companies are somewhat more satisfied with their current business. In addition, managers were less pessimistic in their view of the coming months. Germany’s economy can see a silver lining ahead. In manufacturing, the Business Climate Index rose slightly. This was due to less skepticism in companies’ expectations. However, they once again assessed their current situation as worse, and the order situation remains difficult. The business climate in ... (full story)