Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  September 24, 2012 15:15:26

Germany - according to Ifo business confidence in September unexpectedly fell again


German business confidence by the Ifo Institute in September and fell again to 101.4 points compared to 102.3 points in August. However, market growth estimated confidence on 102.5 points.
September's value is the lowest since February 2010.

European debt problems pushed at least 5 of the 17 eurozone countries into recession, which also reduces the demand for German export goods and services.

A separate index of expectations for development in the next 6 months fell from 94.2 in August to 93.2 points, the lowest since May 2009.
Index of current market conditions fell from 111.1 to 110.3 points.

German entrepreneurs do not share the optimism of its investment colleagues, who were the first 5 months after the improvements of the situation.

In response to the report significantly weakened the euro and also declining European stock markets.
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