Germany's business confidence dropped further in October to reach its lowest level in twenty-nine months as companies were less satisfied with their current business, and were more concerned about the future, survey results from the ifo Institute showed on Tuesday.
The business confidence index decreased marginally to 84.3 in October from 84.4 in September, the Munich-based ifo said. The index was forecast to fall to 83.3.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.