German business morale rebounds in October
The Peninsula
Frankfurt, Germany: German business confidence rebounded in October, a closely watched survey showed Friday, snapping a four month streak of declines...
Frankfurt, Germany: German business confidence rebounded in October, a closely watched survey showed Friday, snapping a four-month streak of declines and offering some rare good news for Europe's beleaguered top economy.
The Ifo institute's confidence barometer, based on a survey of around 9,000 companies, rose to 86.5 points from 84.5 points in September.
It was higher than a figure of 85.6 predicted by analysts surveyed by financial data firm FactSet.
"Sentiment among companies in Germany has improved," said Ifo president Clemens Fuest.
Businesses were both more satisfied with the current economic environment and more optimistic about the months ahead, the survey showed.
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