German IFO Business Climate Index Deteriorates in December

© Reuters. © Reuters. – German business confidence deteriorated again in December, according to survey data released on Tuesday, adding to concerns over the health of the euro zone’s biggest economy.

The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of companies, declined to from 102.0 in November. The reading was below expectations for 101.8.

The current assessment sub-index fell to from 105.4, compared to expectations for 104.9.

The business expectations index, which measures attitudes toward business prospects over the next six months, dropped to from 98.7 last month. That missed estimates for a reading of 98.3.

The monthly index is based on a survey of around 7,000 German firms in the manufacturing, construction, wholesale and retail sectors.

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