Germany has less confidence: the Ifo index drops again (and worse than expected).

August 25, 2014, 8:27 | di FIRSTonline editorial team | 0

The indicator that measures business confidence in Germany, the leading economy in the eurozone, fell to 106,3 in August, against 108 in July (and 109,7 in June), worsening market expectations which estimated a drop to 107,1.

The confidence of entrepreneurs in Germany is still falling. The Ifo Index, in fact, fell to 106,3 in August, against 108 in July (and 109,7 in June), worsening market expectations which estimated a drop to 107,1. The indicator that measures the current situation was also down, equal to 111,1 in August (112,9 in July), against the 112 of the consensus.

FIRSTonline editorial team

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