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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.



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.

From Zee News

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