The German retail players are bleak
In August, the German business sentiment index of the ifo economic research institute weakened more than expected, and the outlook and the current situation also worsened among economic actors. The index also fell in retail trade. Compared to July, traders assessed their current situation as much weaker and were more pessimistic about the prospects.
The ifo Institute for Economic Research of the University of Munich (ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V.) announced on Friday that the business sentiment index in Germany fell to the lowest level since October last year, to 85.7 points from 87.4 points in July. In August, the indicator weakened for the fourth consecutive month, becoming worse than the average of 86.7 points expected by analysts.
Among the components of the index, the assessment of the prospects was weaker than the estimated 83.8 points, it became 82.6 in August after 83.6 points in July. The indicator quantifying the assessment of the current situation was the weakest since August 2020, at 89 points after 91.4 points in July, worse than the expected 90 points.
Related news
GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >K&H Analyst Commentary: The forint is on the rise
The forint, the Polish zloty and the Czech koruna are…
Read more >István Nagy: Hungarian melon season starts with good quality melons
Compared to last year, the volume of melon imports has…
Read more >Related news
GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >KSH: industrial producer prices decreased by 0.7 percent in May 2025 compared to the previous month, and increased by an average of 6.9 percent compared to a year earlier
In May 2025, industrial producer prices were 6.9 percent higher…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >