2023-11-24 12:33:47
The Ifo Institute sees the current figures as a stabilization of the German economy, albeit at a low level.
München.
The mood in the German economy improved for the third month in a row in November. The Ifo business climate increased by 0.4 points to 87.3 points compared to the previous month, as the Ifo Institute announced.
Analysts had assumed a better mood for Germany’s most important economic indicator, but had expected a slightly higher index value of 87.5 points.
The approximately 9,000 companies surveyed by the Ifo Institute assessed both the current situation and expectations for future business better. “The German economy is stabilizing at a low level,” commented Ifo President Clemens Fuest on the results of the latest survey. The pessimism regarding expectations for the coming months has decreased. However, the mood in the construction industry remains “extraordinarily bad”. (dpa)
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