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German business confidence deteriorates in January

Staff Writer | January 25, 2017
German business confidence unexpectedly deteriorated in January, according to a survey by Ifo.
German business confidence
Economy in Germany   The Ifo Institute:
The Ifo Institute's business climate index fell to 109.8 from 111.0 in December, missing expectations for a reading of 111.3.

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.