The barometer of the German economy falls a second time.
The concerns about international political crises continue to press on the mood in the German economy. In September, the Ifo business climate index fell for the fifth time in a row after dropping from 106.3 to 104.7 points, such as the Ifo Institute for Economic Research announced in Munich on Wednesday. That’s the lowest level since April 2013, the decline was more pronounced than expected by experts. “The German economic engine is no longer running around,” said Ifo chief Hans-Werner Sinn.
© FAZ Ifo Business Climate Index September 2014
Ifo Business Climate Index September 2014
Economists had expected on average only with a decrease of 0.5 points to 105.8. The company estimated in September both their current situation and their future prospects worse one. While the location index yielded 111.1 110.5 points, the expectations index fell from 101.7 to 99.3 points.
More The Ifo index applies to the topic
as the most important early indicator of the German economy. It is calculated monthly by the survey of about 7,000 companies.
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