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German business sentiment rises in October, Ifo survey finds
German business morale rose in October, a survey showed on Monday. The Ifo institute said its business climate index rose to 88.4 in October from 87.7 in September. Analysts polled by Reuters had forecast a reading of 88.0. "German business has not yet given up hope for an upturn," said survey head Klaus Wohlrabe. "Expectations are rising in all sectors - industry, construction, services. There is a glimmer of hope in industrial orders: the fall in orders seems to have stopped." Germany has struggled to regain momentum this year. The economy contracted 0.3% in the second quarter compared to the first quarter, as ... (full story)
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