Indicator of business conditions in Germany Ifo increases eighth consecutive month

Indicator of business conditions in Germany, produced by the German Ifo Institute for Economic and reflecting the perspectives of development of German and European economies, amounted to 91.9 points in October compared to 91.3 points in the previous month. However analysts predicted that figure will increase to 92.1 points.
Index assessment of current conditions Ifo was 87.3 points in October compared to 87.1 points in September. The index of business expectations rose during the reporting period from 95.7 points to 96.8 points.
Note that the index Ifo, calculated on the basis of the survey 7 000 enterprises in manufacturing, construction, wholesale and retail trade shows strong growth for eight consecutive months.