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German IFO Business Climate Index Misses Estimates

The headline German IFO Business Climate Index came in at 92.7 in October, weaker than last month’s 93.2 while missing the consensus estimates pointing to a reading of 93.0.

On the other hand, the IFO Expectations Index – indicating firms’ projections for the next six months, came in at 95.0 for October, up from the previous month’s 97.4 reading and worse than the market expectations of 96.5.

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