4/24, 10:01 AM (Source: TeleTrader)
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Ifo: Germany's business climate worsens in April

The business climate index for Germany, calculated by the Munich-based Institute for Economic Research (Ifo), decreased from 99.6 in March to 99.2 in April and missed expectations, according to the latest report published on Wednesday.

At the same time, the expectation index stood at 95.2, also below estimates, and slightly lower than in the previous month. The current assessment index went down slightly as well, from the revised 103.9 in March to 103.3 in the month after, the Ifo said.

An improvement in sentiment was reported in services and construction, while in trade and manufacturing the situation was reported as less favorable.

Breaking the News / NI