German Ifo business confidence rises less than expected

Market news

24 September 2013

German Ifo business confidence rises less than expected

German business confidence continued to improve in September, but remained below economists' expectations, reports said Tuesday citing survey results from the Ifo Institute.

The business climate index edged up to 107.7 in September from a revised reading of 107.6 in August. The expected reading was 108.

The Ifo business expectations index rose to 104.2 in September from 103.3 in the previous month. This was forecast to rise to 104.

The current assessment index fell 112 in" w:st="on">112 in August. Economists had forecast an increase to 112.5.

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