Germany’s business confidence weakened less-than-expected in October, as expectations unexpectedly improved, reports said Monday, citing results of a survey by the Ifo Institute.
The business climate index fell to 108.2, yet the score was above the 107.8 economists had forecast. In September, the reading was 108.5.
The current conditions index, however, dropped to 112.6, which was worse than the 113.5 economists had predicted. In September, the score was 114.0.
The expectations index of the survey rose to 103.8 in October, defying forecasts for a decline to 102.3. In the previous month, the reading was 103.3.
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