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Germany: ifo index declines in July

Expectations for coming months were less optimistic

26 July, 12:51
(ANSA) - BELGRADE, JUL 26 - The ifo Business Climate Index, which measures sentiment in the German economy, has clouded over, with the ranking fallng to 100.8 points in July, down from 101.7 points in June, the ifo institute said in a statement today. "Companies evaluated their current business situations as somewhat better, but their expectations for the coming months were significantly less optimistic. Supply bottlenecks and concerns over newly rising infection numbers are weighing on the German economy," ifo said. (ANSA).

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