Germany’s Ifo confidence index, which measures confidence in the country, rose better than expected in October. The index, which is based on a survey of nearly 9,000 companies in Germany, rose to 88.4 points, compared to September’s reading of 87.7 points, while expectations were at 88.1.
In detail, the current situation index slowed to 85.3, compared to 85.7 in September, while the expectations index rose to 91.6, from 89.8 in September.
Across sectors, the manufacturing index fell at a slower pace, to -11.7, from -13.2 in August, while the services index declined by -0.1, from -3.