Monday 18 December 2017

German business morale falls as markets get off the jittery 2016 start

Company town: Scrap metal lies in a boat in front of the Volkswagen power plant in Wolfsburg
Company town: Scrap metal lies in a boat in front of the Volkswagen power plant in Wolfsburg

German business morale fell in January, a survey showed on Monday, suggesting growing concern among company executives in Europe's largest economy as emerging markets slow and financial markets get off to a jittery start in 2016.

The Munich-based Ifo economic institute's business climate index, based on a monthly survey of some 7,000 firms, fell to 107.3 from a downwardly revised 108.6 in December.

The reading compared with the Reuters consensus forecast for the index to dip to 108.4.

Reuters

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