German companies’ outlook slides: ifo index slips in September

24 September 2024

 

Summary: ifo business climate index down again in September, slightly below expectations; companies’ outlook for coming months continues to decline; current conditions, expectations indices both down; German, French yields decline; ANZ: highlights sluggish growth outlook for largest economy in euro area; expectations index implies euro-zone GDP contraction of 1.4% in year to December. Following recessions in euro-zone economies in 2009/2010, the ifo Institute’s Business Climate Index largely ignored the European...

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