Business confidence continued to drop, auguring a bleaker outlook for the economy. Accordingly, the October business confidence indicator published by the Ifo Institute fell to 100 points from 101.4 points in September, which marked the sixth consecutive decline and the lowest level in two and a half years. The reading also surprised market analysts, who had predicted that the index would rise to 101.6 points. The monthly fall mainly reflected businesses more pessimistic assessment about the current business situation. Businesses economic prospects for the next six months, however, remained unchanged compared to the previous month. According to the Ifo Institute, the clouds over the German economy are darkening.
Germany Business Confidence
Business confidence falls for sixth consecutive month
October 24, 2012
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Germany Business Confidence Chart
Note: Ifo Business Climate Index, 2000=100.
Source: Ifo Business Survey.
Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.