Ifo’s fourth quarter euro area sentiment index deteriorated

Economic sentiment in the euro area deteriorated significantly in the fourth quarter, according to a study sent to MTI by the Ifo Economic Research Institute of the University of Munich on Monday.

The ifo institute (Leibniz-Institut für Wirtschaftsforschung an der Universität München eV), in its fourth quarter WES (World Economic Survey) survey, significantly decreases the economic sentiment index of the previous quarter’s minus 6.7 to minus 16.3 points, the lowest since spring 2013. (MTI)