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German Ifo Business Confidence Lowest Since May 2020

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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by RTTNews Staff Writer

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