September 24, 2019 / 8:20 AM / 24 days ago

German business morale rises as "downturn takes a breather"

BERLIN, Sept 24 (Reuters) - German business sentiment rose in September as companies took a better view of current conditions but their expectations deteriorated as Europe’s largest economy teeters on the brink of recession, a survey showed on Tuesday.

The Ifo institute said its business climate index rose to 94.6 from 94.3 in August. The September reading compared with a consensus forecast for 94.4.

“The downturn is taking a breather,” Ifo President Clemens Fuest said in a statement. (Writing by Paul Carrel Editing by Thomas Seythal)

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