Business sentiment in Germany improved in October, snapping five consecutive months of declines, as firms in the manufacturing, services and construction sectors became more encouraged by future expectations.
The Ifo business-climate index rose to 86.9 in October from 85.8 in September, data from the Ifo Institute said Wednesday, better than expectations from economists polled by The Wall Street Journal for the index to edge up to 85.9. "Germany's economy can see a silver lining ahead," Clemens Fuest, president of the Ifo Institute, said.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German business sentiment improves in OctoberGerman business sentiment improves in October - Ifo
Source: Investingcom - 🏆 450. / 53 Read more »
German IFO Business Climate Index climbs to 86.9 in October vs. 85.9 expectedThe headline German IFO Business Climate Index arrived at 86.9 in October, up from the previous month's reading of 85.7 while beating the market expec
Source: FXStreetNews - 🏆 14. / 72 Read more »
German business activity slump suggests recession 'well underway' -PMIGerman business activity slump suggests recession 'well underway' -PMI
Source: Investingcom - 🏆 450. / 53 Read more »
German business activity slump suggests recession 'well underway' -PMIBusiness activity in Germany contracted for a fourth straight month in October as manufacturing's downturn was matched by a renewed decline in services, a preliminary survey showed on Tuesday, suggesting a recession is well underway.
Source: Reuters - 🏆 2. / 97 Read more »