Ifo: German business climate slightly down in October

Written on 10/25/2022


German Business Climate Index stood at 84.3 in October, almost unchanged month on month, edging down only 0.1 points from September's revised figure of 84.4. The reading came in above analysts' expectations of 83.3, staying, nevertheless, at the lowest level since May 2020.

The Current Assessment Index in October landed at 94.1, going down 0.4 points on a monthly basis. Meanwhile, the Expectations Index reached 75.6, up 0.3 points in comparison to September.