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Takeaway: Germany’s IFO Business Confidence survey declined again in October.

German IFO Business Confidence declined for a sixth straight month in the October reading to a level not seen since December 2012. 

This reading is not only in line with declining trends across the German economy over recent months but also remains an anchor to our Q4 Macro theme #EuropeSlowing.  

Germany Confirms #GrowthSlowing - chart2