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Germany: ifo Business Climate Index drops significantly
The mood in the German economy has clouded over again, ifo said
25 August, 13:02
(ANSA) - BELGRADE, AUG 25 - In August, the ifo Business
Climate Index fell to 99.4 points, after 100.7 in July
(seasonally adjusted), the ifo Institute said today. "This
decline was due mainly to significantly less optimism in
companies' expectations. Concerns are growing in the hospitality
and tourism sectors in particular. By contrast, companies
assessed their current situation as somewhat better than in the
previous month," ifo noted "Supply bottlenecks for intermediate
products in manufacturing and worries about rising infection
numbers are putting a strain on the economy," the Institute
noted. (ANSA).
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