German business morale improves despite virus uptick

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

'The German economy is stabilizing despite rising infection numbers,' says Ifo president Clemens Fuest.

German business confidence climbed further in September, a closely watched survey said Thursday, September 24, despite coronavirus cases notching up in Europe's biggest economy.

The reading has now recovered close to the level of the same month last year, when it was 94.8, suggesting a remarkable economic turnaround after economic output plummeted in the spring. Indications show industrial and construction sectors saw noticeable improvements in sentiment in September, according to the survey, although the service sector index fell as the outlook became gloomier.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Eurozone business growth stagnates as virus resurgesGermany, the eurozone's biggest economy, continues to lead the recovery, though at a slower rate.
Source: rapplerdotcom - 🏆 4. / 86 Read more »