ifo Business Climate Index Rises (November 2022)

ifo Business Climate Index Rises (November 2022)

Sentiment in the German economy has improved. The ifo Business Climate Index rose to 86.3 points in November, up from 84.5 points  in October. While companies were somewhat less satisfied with their current business, pessimism regarding the coming months reduced sharply. The recession could prove less severe than many had expected.