The Ifo index, which measures business confidence in Germany, dropped from 106,7 points in March to 104,4 in April – Disappointed analysts, who expected a more contained decline.
The climate of confidence among German companies worsens in April. The relative index elaborated by the Ifo study centre, in fact, recorded a sharp decline, going from 106,7 points in March to the current 104,4.
The figure reflects companies' concerns about the current picture and future prospects for the business, he said the slowdown of Germany's economy in the last period.
Disappointed analysts, who expected a much more limited drop, to 106,2 points.
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