Indicators
German Business Outlook Improves Amid Signs of Inflation Peak
- Ifo expectations rise to 83.2 in November; economists saw 82
- Sentiment in economy has ‘brightened considerably,’ Fuest says
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Germany’s business outlook improved for a third month amid signs that double-digit inflation may be peaking and a deep recession over the winter can be avoided.
A gauge of expectations released Monday by the Ifo institute increased to 83.2 in December from a revised 80.2 the previous month, beating expectations by economists in a Bloomberg survey. An index of current conditions also edged higher.