German Business Sentiment Worsened for Fourth Consecutive Month in August

By Ed Frankl Business sentiment in Germany weakened in August for the fourth month in a row, and by more than expected, as the economic outlook turns gloomier in Europe's largest economy, according to a survey of companies.

"Companies are increasingly pessimistic about the months ahead," said Clemens Fuest, president of the Ifo Institute. Meanwhile, its index assessing expectations for the next six months also ticked down, to 82.6 in August from 83.6 in the prior month, the survey said. The business-climate index was also weaker on month in Ifo's other tracked sectors--services, trade and construction--with the outlook turning gloomier in all three.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

German business sentiment worsens further in AugustGerman business sentiment worsens further in August - Ifo
Source: Investingcom - 🏆 450. / 53 Read more »

German IFO Business Climate Index declines to 85.7 in August vs. 86.7 expectedThe headline German IFO Business Climate Index dropped further to 85.7 in August versus last month's 87.4 and the market expectations of 86.7. more to
Source: FXStreetNews - 🏆 14. / 72 Read more »

Business Highlights: Nvidia posts strong quarterly earnings; the Fed faces tough call on ratesBusiness Highlights: A summary of the day’s top stories in the business world.
Source: AP - 🏆 728. / 51 Read more »