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December Ifo index sets Friedrich Merz’s Christmas tree on fire
For the German economy, the year has ended as it started: with a disappointing Ifo index reading. Germany’s leading indicator came in at 87.6 in December, from 88.1 in November. This is the lowest level since May this year. Admittedly, despite today’s drop, the absolute level is still higher than at the start of the year (when it was 85.1). While the current assessment component remained unchanged at 85.6, expectations weakened to 89.7, also the lowest level since May. Thanks for nothing The German economy has been on an emotional roller-coaster ride this year, swinging from optimism to pessimism, culminating in ... (full story)
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The business climate in Germany continued to worsen in December, according to a report by the Institute for Economic Research (Ifo) on Wednesday. The related indicator fell from 88 in November to 87.6 in December, lower than expected. The current situation index remained unchanged at 85.6, and the expectations index dropped from 90.6 to 89.7. The business ...
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