Saturday 21 October 2017

Business confidence in Germany shows surprise bounce reporters

BUSINESS confidence in Germany showed a surprise bounce today, according to new indicators.

The Ifo economic institute’s closely watched sentiment index rose to 106.6 in November from 106.4 in October – its first rise in four months and a surprise to analysts who had predicted a decline to 105.1.

"The German economy is still performing relatively well despite the international turmoil," said the president of the institute, Hans-Werner Sinn.

The slight increase is due to somewhat less skeptical business expectations," he added.

"The current business situation, according to the survey responses, remains positive," added the economist.

Also in Business