The rate of growth slowed in September but Germany’s business climate continued to improve, rising for the sixth consecutive month. The IFO Business Climate Index increased from 90.5 in August to 91.3 in September, the best reading in one year.
The survey of 7,000 business in Europe’s largest economy suggests that the slow recovery will continue amid improvement in global conditions. Germany’s economy is dependent on exports, and the dearth of demand late last year and early this year hit GDP very hard.
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