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German business morale hits 17-month high in November

Published 24/11/2015, 11:37

Investing.com - German business confidence in November improved to the highest level since 2014, brushing off rising global uncertainty.

The German IFO business climate index rose to 109.0 from 108.2 in October.

The current assessment index increased to 113.4 in November from 112.7 a month earlier.

The business expectations index, which measures attitudes toward business prospects over the next six months, rose to 104.7 from 103.9 in October

"Not even the terror attacks in Paris had a negative impact on the survey," said Hans-Werner Sinn, president of the IFO.

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