German business sentiment improves in October – Ifo

Shop advertisement is illuminated after 10pm at night at Kurfuerstendamm shopping street in Berlin, Germany September 1, 2022. REUTERS/Lisi Niesner/File photo Acquire Licensing Rights

BERLIN, Oct 25 (Reuters) – German business morale improved more than expected in October, following five consecutive months of decline, a survey showed on Wednesday.

The Ifo institute said its business climate index stood at 86.9 versus the 85.9 reading forecast by analysts in a Reuters poll, following a slightly revised reading of 85.8 in September.

Companies were somewhat more satisfied with the current business situation and managers were also less pessimistic about the coming months, the survey showed.

« The German economy sees a silver lining on the horizon, » Ifo president Clemens Fuest said.

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