Germany: Business confidence picks up but remains pessimistic in November
November 24, 2022
Business confidence rose to 86.3 in November from October's 84.5. Consequently, the index remained entrenched below the 100-threshold, signaling pessimism among businesses.
The improvement in November was driven by firms in all sectors becoming less pessimistic about future business conditions. Less positively, firms in the manufacturing and services sectors became more pessimistic about present business conditions.