ifo Geschäftsklimaindex deutlich gefallen (Juli 2022)

ifo Business Climate Index Falls Considerably (July 2022)

Sentiment in German business has cooled significantly. The ifo Business Climate Index fell to 88.6 points in July, down from 92.2 points (seasonally adjusted) in June, to reach its lowest value since June 2020. Companies are expecting business to become much more difficult in the coming months. They were also less satisfied with their current situation. Higher energy prices and the threat of a gas shortage are weighing on the economy. Germany is on the cusp of a recession.