Deutschland Unternehmensvertrauen

The Ifo Business Climate indicator for Germany decreased for a second month to 84.7 in December 2024, the lowest level since May 2020, compared to a downwardly revised 85.6 in November and forecasts of 85.6. The sub-index for business expectations declined sharply to 84.4 from 87 but the current conditions gauge improved to 85.1 from 84.3. "The weakness of the German economy has become chronic", the Ifo reported. Business sentiment has fallen considerably in the manufacturing and the services sector and has declined for retailers. In contrast, sentiment improved for the construction industry.