The ifo German business sentiment index deteriorated in July

By: Trademagazin editor Date: 2021. 07. 26. 11:03
Instead of the expected improvement, the ifo economic research index in Germany deteriorated in July.

The index fell 100.8 points in July from 101.7 points in June, a two-and-a-half-year high. The market expected growth of 102.1 points in July.
The development of both components of the mood index fell short of expectations in July. Although the indicator quantifying the current situation has risen, it has been lower than expected, and the value of the indicator quantifying expectations for the six months has deteriorated much more than expected. (MTI)

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