The confidence of German entrepreneurs in the country's economy fell in October lower than it was expected


The business confidence index in Germany in October of this year was 102.8 points, dropping from 103.7 points in September, data from ifo showed. Experts had predicted a less significant decrease – up to 103.2 points. The indicator, which determines the attitude of entrepreneurs to the current situation, dropped to 105.9 points from 106.4 points and also turned out to be worse than analysts' forecasts, who had expected it at 106 points. The expectations of the leaders of German firms also deteriorated – their October figure fell by 1.2 points to 99.8 points. Experts had expected the indicator to be at 100.4 points.

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