ADVERTISEMENT

ECONOMY

Germany’s business climate improves in November

ANKARA

Germany’s business climate index improved stronger than the market forecast, according to the Munich-based Ifo Institute for Economic Research on Thursday.

The Ifo Business Climate Index rose to 86.3 in November, up from the 29-month low figure of 84.5 in October. The market estimate was 85 points in November.

“While companies were somewhat less satisfied with their current business, pessimism regarding the coming months reduced sharply. The recession could prove less severe than many had expected,” said Clemens Fuest, president of the Ifo Institute.

“The recession could prove less severe than many had expected.”

  • We use cookies on our website to give you a better experience, improve performance, and for analytics. For more information, please see our Cookie Policy By clicking “Accept” you agree to our use of cookies.

    Read More