German business confidence improved to its highest level since 2022 at the start of the fourth quarter, bolstering hopes that Europe’s largest economy is finally emerging from two years of contraction.
An expectations index by the Ifo institute rose to 91.6 in October from a revised 89.8 in September, a release Monday showed. That’s above the 90 median estimate in a Bloomberg survey. A measure of current conditions unexpectedly fell.