German business confidence fell unexpectedly in December after hitting an all-time high in the previous month, a survey showed on Tuesday, suggesting that business leaders in Europe’s largest economy have become less optimistic about german ifo business climate belajar forex outlook. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, edged down to 117.
2 from an upwardly revised reading of 117. 6 in November which was the highest on record. The December reading came in lower than a Reuters consensus forecast for a value of 117. The slight drop in the headline figure was due to less optimistic business expectations while assessments of the current business situation were more positive, Ifo said. But overall business morale remained on a relatively high level, Ifo chief Clemens Fuest said, adding: “German businesses are full of festive spirits. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. This article is strictly for informational purposes only.
It is not a solicitation to make any exchange in commodities, securities or other financial instruments. China to impose 25 percent tariff on 659 U. Eurozone: German IFO business climate better than estimates at 102. This monthly indicator published by the IFO economic institute based in Frankfurt defines – via a survey of 7,000 entrepreneurs – the level of confidence in the German economy. GLOBAL ECONOMY WEEK AHEAD : U. Tesco : 1Q Group Like-For-Like Sales Increase 1.
For more information, read our latest forex news. Prelim UoM Consumer Sentiment : 99. Prelim UoM Inflation Expectations : 2. German Ifo Business Climate : 102. Registered members can read the analysis.
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