Increasing uncertainty about the European debt crisis continue to fuel businesses concerns. In July, the business confidence indicator published by the Ifo Institute fell to 103.3 points, which represents the lowest level since March 2010. The reading came in below both the 105.2 points recorded in June and market expectations that had the indicator dropping to 104.5 points. The monthly drop reflected a deterioration in firms' assessment of their current business situation compared to the previous month. In addition, respondents to the July survey revealed less favorable business expectations for the next six months. According to the Institute, the euro crisis is having an increasingly negative impact on the German economy.
Germany Business Confidence
Business confidence slides to lowest level since March 2010
July 25, 2012
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Germany Business Confidence Chart
Note: Ifo Business Climate Index, 2000=100.
Source: Ifo Business Survey.
Germany Economic News
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.
September 26, 2016
German businesses turned much more optimistic in September.