German business morale unchanged in October: Ifo

Published October 25, 2019, 12:00 AM

by manilabulletin_admin

By Reuters

BERLIN – German business morale held steady in October and Europe’s largest economy is stabilizing after contracting earlier in the year, a survey showed on Friday.

The financial district is photographed on early evening in Frankfurt, Germany, January 29, 2019.  (REUTERS/Kai Pfaffenbach/File Photo/MANILA BULLETIN)
The financial district is photographed on early evening in Frankfurt, Germany, January 29, 2019.
(REUTERS/Kai Pfaffenbach/File Photo/MANILA BULLETIN)

The Ifo institute said its business climate index was unchanged from the prior month in October at 94.6. The October reading compared with a consensus forecast for 94.5.

“The German economy is stabilizing,” Ifo President Clemens Fuest said in a statement.

 
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