Overview of ifo Business Surveys for August 2017: Germany's Economy Remains on Track for Growth

The ifo Business Climate Index edged downwards in August. But sentiment among German businesses remains very strong. The decline was due to slightly less positive assessments of the current business situation. Companies’ short-term business outlook, by contrast, improved. Germany’s economy remains on track for growth. German firms remain very keen to recruit new staff, despite a slight decline in the employment barometer in August.