ifo Business Climate Index declines (June 2024)

ifo Business Climate Index declines (June 2024)

Sentiment has deteriorated at companies in Germany.The ifo Business Climate Index declined in June to 88.6 points, down from 89.3 points in May. This was due to more pessimistic expectations. However, the assessments of the current situation remained unchanged. The German economy is having difficulty overcoming stagnation.