German business confidence weakened for the fourth consecutive month in October to hit a six-month low as supply bottlenecks weighed heavily on expectations, survey results from the ifo Institute showed on Monday. The business confidence index fell more-than-expected to 97.7 in October from revised 98.9 in September. The expected level was 97.9. This was the lowest since last April.The current sit...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.