Business confidence in Germany improved for the sixth consecutive month in September, with the headline reading increasing to 91.3 from 90.5 in the previous month amid expectations for a rose to 92.0. At the same time, the IFO’s gauge for future expectations increased to 95.7 from 95.0, with the current assessment advancing to 87.0 from a revised reading of 86.2 in August, and the data encourages an improved outlook for the nation as the economy emerges from the worst recession since the post-war period. As Bundesbank President Axel Weber holds an enhanced outlook for the region and projects economic activity to fall at a slower pace than initially expected, businesses confidence is likely to improve throughout the second half of the year as policy makers anticipate the economy to return to growth in 2010.
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