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German business morale dips for sixth consecutive month -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: On October 25, 2021, a commuter train passes the Frankfurt skyline. REUTERS/Kai Pfaffenbach/File Photo

(Corrects Ifo president’s name at paragraph 3. Corrects slug. Repeats for other clients.

BERLIN, (Reuters) – Germany’s largest economy is feeling the consequences of supply shortages and COVID-19 limitations for six months. This was revealed in a Friday survey.

According to the Ifo Institute, its index of business climate fell from 96.6 in November to 94.7 in December. According to Reuters, 95.3 was the consensus reading.

Clemens Fuest from Ifo stated that the German economy will not receive any gifts this year.

The manufacturing sector saw an increase in index after dropping five times in a row. This was due to greater optimism as the sector’s order book grew significantly.

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