The confidence of German entrepreneurs in the country's economy in November was lower than expected


In Germany, the entrepreneur confidence index in November was 102 points, having decreased from October's value of 102.8 points, ifo reported. Economists had expected a less significant decline - to 102.3 points. The attitude of German companies to the current situation has deteriorated to 105.4 points from 105.9 points. Their expectations for the near future also dropped, the corresponding indicator declined by 1.1 points over the month and amounted to 98.7 points. The decline in November was observed in areas such as manufacturing, construction, retail and services.

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