Business sentiment in Germany brightened slightly in October but the modest improvement after a few months of easing failed to calm the fears of recession, a survey by the ifo institute showed on Wednesday.
The ifo business climate index rose to 86.9 in October from 85.8 in the previous month, survey results from the Munich-based think tank said. The reading was well above economists' forecast of 85.9.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.