Confidence in Germany dips

Confidence in Germany dips

Business confidence in western Germany dipped for the first time since April, according to the Ifo survey, falling to 99.7 from 100 in September. The equivalent index for eastern Germany showed an increase from 103.2 to 103.5 but remained below its 1997 average. The Bundesbank reported a drop in the headline growth of M3, its key monetary indicator.