German Ifo Business Climate Index worsens again in August; Current situation is still seen as slightly positive
Aug 26th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The German Ifo Business Climate Index for industry and trade has fallen in August, the third decline of the index in succession. The fell to 94.8 from 97.5 in July. The current business situation has been assessed clearly more unfavourably than in the previous month. In addition the firms also expect a further negative business development in the coming half year. The German economy is encountering an increasingly more difficult situation.