Economic Indicators
German Ifo Business Confidence Index Falls Less Than Feared in August
2022.08.25 11:27
By Geoffrey Smith
Investing.com — German business confidence held up better than expected in August, as Europe’s largest economy continued with its difficult adjustment to harsh new realities in energy supply.
The Ifo business climate index inched down 0.2 point to 88.5 from a revised 88.7 in July, with respondents judging both the current economic situation and the outlook for the future slightly brighter than consensus forecasts. While that’s the lowest level for the index in over two years, analysts had expected the index to fall to 86.8.
The current assessment index inched down to 97.5 from 97.7, while the business expectations index slipped to 80.3 from 80.4.
