Gloomy services outlook pushes down German business morale

BERLIN - German business morale deteriorated unexpectedly in January as the outlook for services darkened, a survey showed on Monday, suggesting that Europe’s largest economy got off to a slow start in 2020 after narrowly avoiding a recession last year.

“The German economy is starting the year in a cautious mood,” Ifo President Clemens Fuest said, adding that companies had become more pessimistic regarding their outlook while their assessment of the current situation had improved slightly. Andrew Kenningham from Oxford Economics said the Ifo figures suggested that an improvement in Germany’s export-oriented manufacturing sector would partly be offset by a gradual weakening of domestic demand.

C'mon what is the German word for this? It's the opposite of farfegnugen right?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Iran knew immediately that it accidentally shot down a passenger plane - Business InsiderIran's military knew it accidentally shot down a passenger plane moments after it happened, and a stunning new report details how it was covered up — even from Iran's president Initially, it did but soon recognized its mistake and its president promised a full inquiry. Not within norms?
Source: BusinessInsider - 🏆 729. / 51 Read more »

How N26 is adding products and gaining customers in the US market - Business InsiderN26's US CEO laid out plans for a freemium model and eventual credit products, and explained why the Peter Thiel-backed neobank isn't looking for a US bank charter anytime soon.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Graco stock rises on earnings, outlook beatGraco stock rises on earnings, outlook beat Graco Inc. shares rose in the extended session Monday after the pump and spray equipment producer's quarterly...
Source: MarketWatch - 🏆 3. / 97 Read more »