German Business Sentiment Hits Three-Year High

Hindustan Times - Business · business

German business sentiment climbed for the fifth consecutive month in September, reaching its highest point since May 2023, signaling a tentative economic recovery. The Ifo Institute reported its business-climate index rose to 89.9 from 88.8, exceeding economists' expectations. Companies reported more positive current business situations and brighter future expectations. Major economic institutes now forecast 1.3% growth this year, an upward revision driven by strong exports and manufacturing.