Business confidence fell in August, as escalating sovereign debt woes are curbing consumption within the Eurozone and German businesses fear another global slump. The business confidence index published by the Ifo Institute fell from 112.9 points in July to 108.7 points in August and marked the lowest level in business sentiment since June 2010. The reading undershot market expectations that the index would fall to 111.0 points. As a result of the August outturn, the index now sits 2.4 points below the confidence level registered in the same month last year. The August deterioration showed businesses' being less upbeat about their current business situation. In addition, business prospects for the next 12 months fell to the lowest level since October 2009, reflecting firms' increasing concerns of another global recession. Since late July, Germany's benchmark DAX Index has fallen almost 25%, on fears that a global slowdown in economic activity will dent export demand.
Germany Business Confidence
Business confidence falls to lowest level in over a year
August 24, 2011
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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.