Germany August Ifo business climate index 85.7 vs 86.7 expected

  • Latest data released by Ifo - 25 August 2023
Ifo
  • Prior 87.3; revised to 87.4
  • Outlook 82.6 vs 83.8 expected
  • Prior 83.5; revised to 83.6
  • Current conditions 89.0 vs 90.0 expected
  • Prior 91.3; revised to 91.4

It's a fall across the board as the German economy stutters with the services sector also now faltering after the manufacturing recession. The outlook is also looking rather poor and reflects worsening sentiment towards Europe's largest economy.

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