The ifo German business sentiment index deteriorated further in October
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2015/01/munchen.jpg)
German business sentiment still not optimistic
The indicator fell to 97.7 points from 98.9 points in the previous month instead of the expected 97.9 points.
Supply problems are a major concern among manufacturing companies, explained Clemens Fuest, president of the ifo Institute for Economic Research (ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V.), which had been declining for four months now. (MTI)
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