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German Business Prosperity Index Stopped Decline and Recovered in October

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According to data released by the German Institute of Economics on the 25th, after seasonal adjustments, the business climate index in Germany rose to 86.9 points in October from the final value of 85.8 points last month, ending five consecutive months of month on month decline. The data shows that among the four indicators that make up the business prosperity index, except for the trade indicator, which decreased month on month, the manufacturing, service, and construction indicators all rose month on month. Clemens Fist, director of the Iver Institute of Economics, stated that the satisfaction of the surveyed companies with the industry's current situation has improved, and the pessimism towards the coming months has eased. "The German economy will usher in a glimmer of light. The Iver Business Climate Index is regarded as a barometer of Germany's economic development and has important reference value for observing the economic situation in Germany.
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