The rate of recovery in Germany shows no real signs of slowing down. The business climate index from the Ifo for October was comfortably above expectations at 107.6, on a maximum of three and a half years, rising from 106.8 last month. Both components, as current estimates and expectations significantly exceeded forecasts. The good news continues to come from Germany: unemployment captures 15 months to reduce the number in September and consumer confidence is on the rise. A bit of good news from Belgium. Fourth consecutive month, business sentiment in Belgium rising to -2.5 in October from -3.4 in the previous month. The fact was much better than expected. Sentiment in the manufacturing sector have improved significantly due to increased orders and employment.
Translate this page
