- December 17, 2021
- Posted by: Stratford Team
- Category: Business
By Maria Martinez
German business sentiment has worsened in the run up to Christmas, with supply bottlenecks and the deterioration of the health situation dimming the short-term outlook.
The Ifo business-climate index decreased to 94.7 points in December from 96.6 points in November, data from the Ifo Institute showed Friday. This is the sixth consecutive decrease of the indicator after it peaked at 101.8 in June.
The reading is below a consensus forecast from economists polled by The Wall Street Journal, who had expected the index to decrease to 95.4.
“The German economy isn’t getting any presents this year,” Ifo’s president Clemens Fuest said.
In December, companies were less satisfied with their current business situation and were also more skeptical about the coming months, Ifo said.
The business-expectations component fell to 92.6 in December from 94.2 in November. The measurement that gauges companies’ current business…
