Central Banks
Germany’s Business Outlook Improves as Economy Stabilizes
- Ifo expectations index rises to 87.3 from 86.4; est. 86.9
- Europe’s biggest economy has been struggling to expand
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Germany’s business outlook improved in October — adding to evidence that the country’s economic downturn may be ending.
An expectations gauge by the Ifo institute rose to 87.3 from 86.4 in September. That’s the highest level since June and better than economists had predicted in a Bloomberg survey. A measure of current conditions also advanced.