Germany's business outlook worsened in June, with the Ifo Institute's business climate index dropping to 88.6.
Germany's business outlook worsened in June, marking the first monthly decline in five months, as companies' expectations for the economy weakened, according to the Ifo Institute. The business climate index dropped to 88.6 from 89.3 in May, with the expectations index falling to 89 from 90.3. The deterioration in business sentiment highlights ongoing challenges in the German economy as it struggles to overcome stagnation.
June 24, 2024
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