Ifo: German business climate improves further in November - Breaking The News

Ifo: German business climate improves further in November

24 November

1 min read

EPA-EFE/RONALD WITTEK

German business climate improved in November, with the Business Climate Index rising to 87.3 compared to the 86.9 revised value from October, the Institute for Economic Research (Ifo) said in its latest report published on Friday. The November reading was slightly lower than predicted by analysts.

Meanwhile, the Current Assessment Index increased from 89.2 in October to 89.4 in November. The Expectations Index advanced from 84.7 in October to 85.2 in November.

"Companies assessed their current business situation as somewhat better. Expectations for the coming months were also less pessimistic. The German economy is stabilizing, albeit at a low level," Ifo Institute President Clemens Fuest commented.

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