German Business Outlook Edges Higher Amid Shrinking Economy
- Ifo expectations gauge edges up to 82.9 from 82.7; est. 83
- Output may shrink this quarter amid manufacturing malaise
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Germany’s business outlook improved slightly in September, while remaining at historically low levels as the economy faces another contraction this quarter.
An expectations gauge by the Ifo institute ticked up to 82.9 from 82.7 in August — a touch worse than economists had estimated in a Bloomberg poll. An index of current conditions also slipped.