German Business Outlook Reaches Six-Month High in Sign of Hope
- Ifo business expectations index rose to 85.2; est. 85.8
- GDP fell 0.1% in third quarter, confirming initial reading
This article is for subscribers only.
Germany’s business outlook improved for a third month in November, pointing to an impending recovery for an economy that is probably in a recession and beset by a budget crisis.
The Ifo institute’s gauge of expectations rose to a six-month high of 85.2, less than the 85.8 median estimate in a Bloomberg survey. Its index of the business climate index also rose.