Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . German business confidence took another hit in October as global supply logjams damp momentum in the manufacturing-heavy economy. A gauge compiled by the Munich-based Ifo Institute dropped for a fourth time in a row and more than economists predicted. At 97.7, it’s now at the lowest level in six months, with expectations also on the decline. The figures point to the mounting challenges facing German businesses, who are particularly exposed to supply disruptions given the nation’s reliance on industry. Recent company surveys suggest the weakness is also spilling into services as consumers turn wary of quickly rising prices. Additional uncertainty stems from ongoing coalition talks following September elections. With the Social Democrats, the Greens and the liberal FDP searching for common ground, there are open questions over how business-friendly the new […]