Germany’s Outlook Darkened Further

The German ifo business climate index has fallen 1 point in Oct. after a 1.2-point decline in Sept. Both the current assessment (-1.2 points) and the future outlook (-0.9 points) deteriorated.

The expectation component deteriorated for 8 months in a row and was around 3 points below its long-term average in Oct. Growth of industrial [...]

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