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German business morale unchanged in October: Ifo

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BERLIN - German business morale held steady in October and Europe’s largest economy is stabilizing after contracting earlier in the year, a survey showed on Friday.

– German business morale held steady in October and Europe’s largest economy is stabilizing after contracting earlier in the year, a survey showed on Friday.

The Ifo institute said its business climate index was unchanged from the prior month in October at 94.6. The October reading compared with a consensus forecast for 94.5.

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