The ifo research institute reported an unexpected weakening of German businessmen’ confidence in the German economy in March. The corresponding index calculated by it was 99.2 points, down from the March value of 99.7 points. Economists had expected the index to rise to 99.9 points. The indicator characterizing the attitude of entrepreneurs to the current situation dropped to 103.3 points from 103.8 points. According to economists, its less significant drop was expected - up to 103.5 points. Expectations for the near future also deteriorated, as indicated by a decrease in the corresponding indicator to 95.2 points from 95.6 points. A decline in confidence indices was recorded in the trade and manufacturing sectors, while the services and construction sectors showed an increase in indicators.
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