Thursday, July 24, 2008

Germany Ifo business climate worsenes in July 2008

From the survey:
The Ifo Business Climate Index for industry and trade in Germany has fallen again significantly in July following a clear worsening in the previous month. The firms are much more dissatisfied with their current business situation and they are clearly more reserved regarding the six-month outlook. These results suggest that the economic upswing is coming to an end.

click to enlarge

source: Ifo Business Climate Index Falls

Ifo Business Survey July 2008

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