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German businesses optimistic, but show signs of concern

BERLIN – A closely watched survey shows German businesses remained optimistic in November, but began showing possible signs of concern about the future.

The Ifo Institute said Thursday its index remained unchanged at 110.4 points for November. It said businesses reported their current situation had slightly improved, rising to 115.6 from 115.1 in October.

Their expectations slipped slightly, however, to 105.5 from 105.9 the previous month.

Germany, Europe’s largest economy, enjoys moderate growth and low unemployment.

As one of the world’s largest exporters, however, there is growing angst about what the British decision to leave the European Union and the election of Donald Trump in the U.S. might mean to trade agreements.

The Munich-based Ifo bases the index on survey responses from 7,000 firms in manufacturing, retail, wholesaling and construction.