Sentiment among companies in Germany has deteriorated significantly, according to the latest ifo Business Climate Index. The index fell to 87.0 points in July, down from 88.6 points in June. This decline reflects growing dissatisfaction with the current business situation and increasing scepticism about the future.
The German economy is stuck in crisis, the ifo Institute said in a press release.
Sentiment among companies in Germany has worsened significantly in this month.
The manufacturing sector experienced a notable decline in business climate, with poorer assessments of the current situation, decreased expectations, and lower…