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German business confidence hits 22-month low

A worker is lifted by a crane at a construction site in Berlin, where business confidence in Europe's top economy fell to 103.2 points in October from 104.7 points in SeptemberGerman business confidence fell for the sixth month to a near two-year low in October, in another gloomy sign for the eurozone despite a reassuring health check on banks, data showed on Monday. The Ifo economic institute’s closely-watched business climate index declined to 103.2 points in October, its lowest level since December 2012, the think-tank said in a statement.

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