ifo Business Climate Index Falls Slightly (September 2023)

ifo Business Climate Index Falls Slightly (September 2023)

Sentiment in the German economy remains bleak. The ifo Business Climate Index fell to 85.7 points in September, down from 85.8 points (seasonally adjusted) in August. Once again, companies were less satisfied with their current business situation. However, their pessimism regarding the coming months dissipated slightly. The German economy is treading water.