Germany Ifo dropped to 88.6, on the cusp of recession

Germany Ifo Business Climate Dropped from 92.2 to 88.6 in July, below expectation of 90.5. That’s the lowest level since June 2020. Current Assessment index dropped from 99.4 to 97.7, below expectation of 98.2. Expectations index dropped from 85.5 to 80.3, below expectation of 83.0. By sector, manufacturing dropped from 0 to -7.1. Services dropped […]

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