German business confidence deteriorates in JanuaryStaff Writer | January 25, 2017
German business confidence unexpectedly deteriorated in January, according to a survey by Ifo.
Economy in Germany The Ifo Institute:
Meanwhile, the current assessment index rose to 116.9 in January from 116.7 the month before, while the expectations index dropped to 103.2 from 105.5.
The sub-index for the manufacturing sector fell to 13.8 from 15.4, while the sub-index for construction declined to 10.7 from 13.1. ■