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Amended: German Ifo Business Confidence Near One-Year Low

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Corrects intro

German business morale weakened for the fifth consecutive month in September to hit the lowest level in 11 months as companies were less satisfied with their current situation amid the subdued economic activity, survey results from the ifo Institute showed on Monday.

The business climate index fell to 85.7 from 85.8 in the previous month. This was the lowest score since October 2022. Nonetheless, the reading was above economists' forecast of 85.2.

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