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Germany: increasing pessimism among businesses
Ifo index drops fourth month in row, from 102 to 101 points
18 December, 16:01
(ANSA) - BELGRADE, 18 DIC - The IFO index, an important
indicator of economic developments in Germany and of the
sentiment of businesses, has dropped to 101 points in December
from 102 in November, local media reported. This represents the
fourth monthly drop in a row.
Analysts had forecasted a smaller decrease, to 101.7 points, the daily Handelsblatt recalled.
"Companies were less satisfied with their current business situation" and "their business expectations also continued to deteriorate," IFO said in a statement.
The Ifo index represents one of the best indicators of the economic development of the German economy, based on around 9,000 opinions of companies in the country. (ANSA).
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Analysts had forecasted a smaller decrease, to 101.7 points, the daily Handelsblatt recalled.
"Companies were less satisfied with their current business situation" and "their business expectations also continued to deteriorate," IFO said in a statement.
The Ifo index represents one of the best indicators of the economic development of the German economy, based on around 9,000 opinions of companies in the country. (ANSA).
