News Formal

Business confidence slips further as Germany faces sluggish recovery

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

German business morale deteriorated in July for the third month in a row, a survey showed on Tuesday, as analysts warned that Germany's economic engine was struggling to recover after slipping into recession earlier this year.

The Ifo institute said its business climate index stood at 87.3 following a revised reading of 88.6 in June. The drop was slightly bigger than forecast, with analysts polled by Reuters having expected a July reading of 88.0.

Europe's largest economy slipped into a technical recession in early 2023, defined by two consecutive quarters of contraction. Preliminary GDP data for the second quarter are expected on Friday. Carsten Brzeski, global head of macro at ING, said the German economy was feeling the effects of a weaker-than-hoped-for Chinese reopening, a looming U.S. recession and ongoing monetary policy tightening, ahead of another"The growing feeling that Germany is in for a longer period of subdued growth also seems to have reached German business," he said.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 2. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

German IFO Business Climate Index drops to 87.3 in July vs. 88.0 expectedThe headline German IFO Business Climate Index declined to 87.3 in July versus last month's 88.6 and the consensus forecast of 88.0. more to come ...
Sumber: FXStreetNews - 🏆 14. / 72 Baca lebih lajut »