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German business confidence falls in December
Waning euphoria among company managers about the overall economy
19 December, 11:40
(ANSA) - TRIESTE - A closely watched survey shows German
business confidence is down in December, from a record high a
month earlier.
The Munich-based Ifo Institute said Tuesday its business climate indicator fell to 117.2 points from 117.6 points in November. The ebb in optimism was due to waning euphoria among company managers about the overall economy rather than a worsening of businesses' own prospects.
Companies assessed their current situation as better, at 125.4 points in December compared with 124.5 points the previous month. Expectations for the next six months fell to 109.5 points from 111 points in November. (ANSA).
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The Munich-based Ifo Institute said Tuesday its business climate indicator fell to 117.2 points from 117.6 points in November. The ebb in optimism was due to waning euphoria among company managers about the overall economy rather than a worsening of businesses' own prospects.
Companies assessed their current situation as better, at 125.4 points in December compared with 124.5 points the previous month. Expectations for the next six months fell to 109.5 points from 111 points in November. (ANSA).
