Germany's business sentiment weakened in November as the fourth wave of pandemic caused expectations to fall especially in the service sector, survey results from the ifo Institute showed on Wednesday.
The business confidence index fell to 96.5 in November from 97.7 in October. The reading was forecast to drop to 96.6.
Companies were less satisfied with their current business situation, and expectations became more pessimistic.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.