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German Business Confidence Weakens Further: Ifo

Por: RTTNews Business August 25, 2023

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Business sentiment among German companies deteriorated for a fourth month in a row in August as their assessment of the current situation weakened sharply and they turned more pessimistic regarding the outlook, survey data from the ifo institute showed Friday. The ifo climate index dropped to 85.7 points from 87.4 in July. Economists had forecast a reading of 86.7. The current situation index fell to 89 from 91.4 in the previous month.... + full article



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