The October score of the German IFO index was 86.5, while the economists’ consensus forecast was 85.6. The September score had been 84.4. The index measures the economic mood of German companies in relation to the current environment and future expectations.
The score of the sub-index describing the current situation rose to 85.7 points, while the forecast had expected the number to remain at 84.4 points, as in September. The score of expectations reflecting the future rose to 87.3 points from 86.3 points, while the forecast was for the mood to improve to 86.9 points.
“Expectations predicted a pick-up, but were still skeptical. The German economy has stopped weakening”, head of the Ifo Institute Clemens Fuest commented in the announcement.
Source: www.arvopaperi.fi
