German business confidence soars in September: Ifo

German business confidence improved significantly in September, the Ifo economic institute said Monday, recovering from a post-Brexit slump a month earlier and suggesting a more positive outlook for Europe`s largest economy.

AFP| Updated: Sep 26, 2016, 13:51 PM IST

Hessen: German business confidence improved significantly in September, the Ifo economic institute said Monday, recovering from a post-Brexit slump a month earlier and suggesting a more positive outlook for Europe`s largest economy.

The closely-watched business climate index jumped to 109.5 points from 106.3 points in August, an Ifo spokesman told reporters.

Analysts surveyed by Factset had predicted the mood to stay unchanged.