German Ifo - Index at two-year low

18.07.2022

German Ifo - Index at two-year low

linkedin instagram twitter mail download
© Fokussiert – stock.adobe.com

Munich (APA/dpa) - The mood in the German economy deteriorated significantly in July. The Ifo Business Climate fell by 3.6 points month-on-month to 88.6 points, the institute announced on Monday. This is the lowest level since June 2020. Experts had expected a downturn, but on average had only expected a decline toMunich (APA/dpa) - The mood in the German economy deteriorated significantly in July. The Ifo Business Climate fell by 3.6 points month-on-month to 88.6 points, the institute announced on Monday. This is the lowest level since June 2020. Experts had expected a downturn, but on average had only expected a decline toexpected a decline to 90.1 points.
 
"Germany is on the threshold of recession," Ifo President Clemens Fuest commented. "High energy prices and impending gas shortages are weighing on the economy." In detail, the business climate deteriorated significantly in all economic sectors considered. The Ifo business climate is considered to be Germany's most important earlyleading indicator. 

You might also be interested in

20.09.2022
Kathrein Talk 2022
Read more
29.09.2022
Course "Foundation Board of Directors"
Read more

You might also be interested in