THE BUSINESS CLIMATE IS DEGRADING MORE THAN EXPECTED, ACCORDING TO IFO
BERLIN (Reuters) – The business climate in Germany deteriorated more sharply than expected in August and the outlook for activity has also deteriorated, the survey by the Institute for Economic Studies showed on Wednesday I fo.
The Ifo business climate index fell to 99.4 from 100.7 (revised) in July as economists and analysts polled by Reuters expected a figure of 100.4.
The component of the judgment of business leaders on their current conditions of activity increased to 101.4 after 100.4 and that of their expectations fell to 97.5 against 101.0 (revised).
(French version Laetitia Volga, edited by Blandiné Hénault)