Germany's IFO Business Climate Index Weakens in October

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Europe Update: German IFO Business Climate Index

The IFO Business Climate Index in Germany for the month of October shows that business sentiment continues to weaken in even the continent’s strongest economy.

The IFO index was reported at 100, which was below the consensus estimate for 101.5.0 and last month’s reading of 101.4

The Current Conditions Index came in at 107.3, which was a tenth below September’s level of 110.3.

The expectations component fell to 93.2, which held steady from last month’s 93.2.

The IFO Business Climate Index is based on surveys of 7,000 companies.

Other stories on Europe to review:

• Moody's Downgrades 5 Spanish Regions
  
• Spain Hinting at Requesting Bailout
  
• German ZEW Index Shows OUtlook Improving
  
• Industrial Production Up in August
  
• Spain's Credit Rating Cut at S&P
  
• Yields Continue to Fall in Spain
  
• European Manufacturing PMI's Uptick in September
  
• Stress Tests on Spanish Banks Show...
  
• German Industrial Production Improves in July
  
• ECB to Launch Unlimited Bond Buying Program
  
• Eurozone Services PMI Remain Weak
  
• Moody's Cuts EU Outlook

 

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