Global Economic News

German Business Confidence Brightens In October - Ifo

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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by Renju Jaya

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