German business morale dips for sixth consecutive month ✔️ Stratford Management Tokyo Japan

December 17, 2021
Posted by: Stratford Team
Category: Business

A commuter train passes by the skyline of the financial district in Frankfurt, Germany, October 25, 2021. REUTERS/Kai Pfaffenbach/File Photo

BERLIN, Dec 17 (Reuters) – German business morale declined for a sixth straight month as Europe’s largest economy feels the effects of supply bottlenecks and COVID-19 restrictions, a survey showed on Friday.

The Ifo institute said its business climate index fell to 94.7 in December from a revised 96.6 in November. A Reuters poll of analysts had pointed to a reading of 95.3.

“The German economy isn’t getting any presents this year,” said Ifo President Clemens Fuest.

In the manufacturing sector, the index rose in December, after falling five consecutive times, due to more optimism in the sector as order books grew substantially. However, companies’ assessments of the situation were somewhat…