Germany's business confidence improved more-than-expected in November to reach its highest level in three months from a twenty-nine month low in October, as companies' pessimism regarding the coming months reduced sharply, survey results from the ifo Institute showed on Thursday.
The business confidence index rose to 86.3 in November from 84.5 in October, the Munich-based ifo said. The index was forecast to increase to 85.0.
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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.