Central Banks
Muted German Business Confidence Points to Sluggish Economy
- Ifo expectations gauge drops to 86.8 from 87; est. 85.8
- Country’s period of stagnation is extending, Fuest says
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Germany’s business outlook held at its lowest level since February — highlighting the gloom once again engulfing Europe’s biggest economy after an early-year rebound fizzled out.
The Ifo institute’s expectations gauge dipped to 86.8 in August from a revised 87 the previous month, beating the 85.8 seen by analysts in a Bloomberg poll. A barometer of current conditions also declined.