Brandenburg Gate in Berlin, Germany

Germany Business Confidence August 2020

Germany: Business confidence improves in August but remains pessimistic

Business confidence rose to 92.6 in August from July’s 90.4. August’s result marked the best reading since February. Despite the uptick, the index remained below the 100-threshold, separating pessimism from optimism among businesses.

The headline print reflected an improvement in the assessment of the current economic situation and less pessimism regarding the future economic situation.

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