The confidence of German entrepreneurs in the country's economy decreased in December


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.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong