The calculations of ifo, the research institute, showed that the index of confidence of German entrepreneurs in the economy of Germany in December was 101 points, which is lower than its November value of 102 points and experts' forecast of 101.7 points. The ratio of managers of enterprises to the current situation was 104.7 points, also dropping from 105.5 points and not reaching the estimate of economists at 105 points. Expectations for the near future fell to 97.3 points from 98.7 points. A decline in confidence was noted in areas such as manufacturing, retail and services.
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