US EditionGerman Business Confidence Jumps to Highest Level Since 2022
20 Articles
20 Articles
The ifo index on the business climate has risen surprisingly strongly. The reason for this is the hope for economic recovery in the coming months. Nevertheless, economists remain skeptical.[more]]>
Germany's companies are struggling with problems. But, according to the current Ifo index, confidence is slowly growing, especially in industry.
Companies are looking forward to a recovery in the coming year. The fiscal package should then push the economy forward.
German economy shows signs of recovery
The business climate in Germany showed signs of improvement in October, according to the latest survey by the Ifo Institute in Munich. The business climate index, which monitors the state of the economy on a monthly basis, increased by 0.7 points, to 88.4 points. The higher value of the index mainly reflects more optimistic forecasts of company leaders for the coming months, although the current situation is still not ideal. The greatest improve…
Market Consensus CdM Germany's business confidence rises in October, thanks to the improvement of expectations for the coming months, while the current situation is considered slightly worse. "Companies maintain the hope that the economy will recover next year", said Ifo Institute president Clemens Fuest. The business climate index rose to 88.4 points in October, compared to 87.7 points in September, above what was expected. The indicator of ex…
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