Germany: Business confidence levels off in August
August 25, 2017
German business confidence fell to 115.9 points in August, down from 116.0 in June, which had marled an all-time high and overshooting market expectations of a decline to 115.5 points. The print overshot analysts’ expectations, which pointed to a steeper drop to 115.5.
According to the institute, the increase reflected the fact that businesses became slightly less optimistic about current business conditions, while their outlook on future business conditions actually continued to improve. Firms in the manufacturing and construction sectors continued to grow more optimistic. Firms in the wholesaling industry were slightly less optimistic, however.
Author: Christopher Mc Innes, Economist