German Business Confidence Drops in November

German business confidence plummeted in November, contrary to expectations, as the Ifo Institutes business climate index fell to 88.1 from 88.4 in October. This unexpected decline was driven by pessimism across most sectors, with only the services sector showing a slight improvement. Despite a slightly more positive assessment of the current situation, businesses remain uncertain about the future, highlighting the ongoing challenges for the German economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.