The economic mood index of ifo in the euro area is on a two-year low

The euro zone economic mood index of the Munich Institute for Economics decreased to the nadir of the past two years for the fourth quarter.

The fourth quarter economic mood index of the Munich Institute of Economics (ifo Institut für Lechner-Institut für Wirtschaftsforschung an der Universität München e.V) has dropped to 6.6 points, from the 19.6 points of the third quarter. This value is the lowest since the middle of 2016,. (MTI)