ifo Geschäftsklimaindex minimal gesunken (August 2022)

ifo Business Climate Index Sees a Minimal Decline (August 2022)

A bleak mood hangs over the German economy. The ifo Business Climate Index fell in August to 88.5 points, down from 88.7 points (seasonally adjusted) in July. Companies were somewhat less satisfied with their current business, and the strong pessimism of their outlook for the coming months is virtually unchanged. Uncertainty among the companies remains high, and the German economy as a whole is expected to shrink in the third quarter.