According to rttnews, German business confidence improved in September, reports said citing survey data from Ifo institute on Monday.

The business sentiment index rose to 109.5 in September, while the score was forecast to remain unchanged at August's initially estimated value of 106.2.

The current conditions index came in at 114.7 versus 112.8 a month ago. The reading was forecast to rise to 113.

The expectations indicator climbed to 104.5 from 100.1 in August. The expected reading was 100.0.