Germany's ifo Business Climate Rises to 90.2 as Expectations Hit 91.6
Updated
Updated · ifo.de · Oct 26
Germany's ifo Business Climate Rises to 90.2 as Expectations Hit 91.6
3 articles · Updated · ifo.de · Oct 26
Summary
90.2 marked Germany's sixth straight monthly rise in the ifo business climate index in October, up from 89.9 in September.
91.6 on the expectations gauge drove the gain, rising from 90.4, while the current-conditions index slipped to 88.8 from 89.5.
1.2 in manufacturing was the strongest sector reading after September's -2.7, while services fell back to -1.2 and trade stayed weak at -17.2.
The October readings extend a rebound from April's 84.7 climate low, suggesting business sentiment is recovering even as current conditions remain softer.