ifo Business Climate Index Falls for Third Consecutive Month (July 2023)

ifo Business Climate Index Falls for Third Consecutive Month (July 2023)

Sentiment among German companies has worsened further. The ifo Business Climate Index fell to 87.3 points in July, down from 88.6 points  in June. This is its third consecutive fall. In particular, companies were notably less satisfied with their current business. Expectations were also lower. The situation in the German economy is turning bleaker.