News Formal

German business sentiment improves in November

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

German Ifo survey shows improved business sentiment in November

Business confidence in Germany increased in November, beating expectations, as companies foresee a less severe recession than previously expected.While companies were somewhat less satisfied with their current business, pessimism regarding the coming months reduced sharply, Ifo President Clemens Fuest said in the report.

The index of the current situation fell to 93.1 in November from 94.2 in October, while the gauge assessing companies’ expectations rose to 80.0 from 75.9. The Ifo index is based on a poll of about 9,000 companies in manufacturing, services, trade and construction.

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:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

German IFO Business Climate Index improves to 86.3 in November vs. 85.0 expectedThe headline German IFO Business Climate Index climbed to 86.3 in November versus the previous reading of 84.5 and the market consensus of 85.0. more
Source: FXStreetNews - 🏆 14. / 72 Read more »