The ifo German business sentiment index deteriorated more significantly than expected in August

German business sentiment deteriorated.
In August, the index fell to 99.4 points from 100.7 points in July. The market expected a less deteriorating indicator, 100.4 points.
The two components of the mood index developed in opposite directions. The indicator quantifying the assessment of the current situation rose from 100.4 points to 101.4 points in July, exceeding the average of analyst expectations of 100.8 points. At the same time, the indicator quantifying expectations for the six months was lower than the expected 100 points, 97.5 points after 101 points in July. (MTI)
Related news
German business sentiment improved in August, ifo survey finds
Business sentiment in Germany improved more strongly than analysts had…
Read more >Rossmann launches wine in paper bottle
Rossmann has become the first major retailer in Germany to…
Read more >Demand has fallen: Penny discontinues online home delivery in Germany
Penny has announced that it will discontinue its online grocery…
Read more >Related news
German business sentiment improved in August, ifo survey finds
Business sentiment in Germany improved more strongly than analysts had…
Read more >Retail sales growth accelerated in Poland in July
Poland’s retail sales growth accelerated more than expected in July…
Read more >Driving safety and sunglasses: what does the latest research show?
Choosing the wrong pair of sunglasses can significantly jeopardize road…
Read more >