Ifo: German business sentiment deteriorated for the second month in November

By: Trademagazin editor Date: 2020. 11. 25. 11:12

In November, for the second month in a row, the German business sentiment index of the ifo economic research institute of the University of Munich deteriorated.

Ifo on Tuesday said that its November business sentiment index fell 90.7 points from 92.5 points in October. After five months of improvement, the indicator deteriorated for the second consecutive month in November. Analysts expected a slightly larger deterioration of 90.1 points.

The indicator quantifying the perception of economic players about the current business environment became 90 points, it weakened minimally from 90.4 points in October. Experts expected much worse data, 87 points, for November. (MTI)