[theold]

The mood in the German economy has deteriorated again. Economists had expected a stronger downturn. Nevertheless, the economic barometer slipped to its lowest level since May 2020.In view of the energy crisis and fears of recession, the mood in the executive floors of German companies deteriorated further in October - albeit only slightly. 

The ifo business climate index fell by 0.1 points compared to the previous month to 84.3 points, as the Munich ifo institute announced today in its survey of around 9,000 executives. Economists polled by Reuters had expected a sharper drop to 83.3 points.

https://www.tagesschau.de/wirtschaft/kon...a-101.html