German business sentiment worsens in June according to Ifo
June 24, 2024
German business morale unexpectedly fell in June, reflecting more pessimistic expectations for the largest European economy, according to a survey published on Monday. The Ifo institute said its business climate index fell to 88.6 points in June from 89.3 in May, compared with a forecast of 89.7 in a Reuters analyst survey. “The German economy is finding it difficult to emerge from stagnation,” said Clemens Fuest, president of the Ifo. The expectations index fell to 89.0 in June from a slightly revised 90.3 the previous month.
