German Ifo Confidence Index Increases to 93.4

German Ifo Confidence Index Increases to 93.4 The German Ifo confidence index increases to 93.4. Ifo business confidence in the country climbed from 92.5 to 93.4 in September. Business confidence rose to 93.4 in September from 92.5 recorded in the previous month, according to data released by the Ifo institute in Germany. According to the median estimates of economists surveyed by Bloomberg, this data was expected to be 93.8. Estimates of the 39 economists surveyed were between 90 and 95.5. The August data, which was 92.6, was changed to 92.5. The forecast index climbed from 97.2 to 97.7 in the period in question. The expectation was to increase to 98.0. The current evaluation index, on the other hand, increased from 87.9 to 89.2 in September. Expectations were for this data to climb to 89.5.