Euro Strength Takes the Shine Off Germany's Bumper Economic Year
- Confidence has weakened even as economic growth proves robust
- Concerns over gains in the euro are also being felt at the ECB
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Germany’s stellar economic year isn’t enough to prevent companies and investors from getting a touch of the nerves.
The closely watched Ifo index of business confidence eased back from a record high in August -- a slight drop but one that follows a separate survey showing a third monthly slide in investor confidence in the nation. The wavering in sentiment comes even as economic data shows the country on track for its strongest growth since 2011, and can be pinned largely on one development: the appreciation of the euro.