- Analytics
- News and Tools
- Market News
- German business sentiment declined in August
German business sentiment declined in August
MarketWatch reports that data from the Ifo Institute showed that German business sentiment worsened in August, as supply bottlenecks and concerns over the Covid-19 Delta variant clouded the short-term outlook.
The Business climate index decreased to 99.4 points in August from 100.7 points in July. This is the second consecutive decrease for the indicator after peaking at 101.8 in June. The reading missed the consensus forecast from economists (100.3).
The latest deterioration in sentiment was driven by the business expectations component, which fell to 97.5 from 101.0 the previous month.
The measurement which gauges firms' current business situation improved slightly, to 101.4 in August from 100.4 in July.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
