Sunday February 23, 2020

German business confidence falls in August

UPDATE: "For the first time in almost three years export expectations are slightly negative": Germany's Ifo index.

27th August, 2012
German shoppers

Germany's business confidence fell in August, according to a report published today.

The Ifo Institute's closely-watched business climate index dropped to 102.3 in August from 103.2 in July. It's the lowest reading since March 2010.

The drop followed a slowdown in German economic growth in the second quarter to 0.3 per cent.

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