Business atmosphere is at a three years nadir in Germany

In January, the business sentiment index of the ifo economic research institute at the University of Munich in Germany fell to a three-year low.

In January, the Ifo Institute for Economic Research (ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V.) published its January business sentiment index. The index declined with 1.9 points to 99.1 points from the 101.0 points of December. It is the lowest since February 2016. (MTI)