German business confidence fell more than expected in July, a survey showed on Monday, July 25, as high energy prices and looming gas shortages pushed Europe’s largest economy to the brink of recession.
The ifo institute said its business index came to 88.6, its lowest level in more than two years. The June reading also witnessed an unexpected decline after being revised down to 92.2.
Analysts polled by Archyde.com had expected a reading of 90.2 for July.
Companies expect the business climate to worsen significantly in the coming months.
Related posts:
In South Africa, the sudden return of power after months of energy crisis
Global Acaricide Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market...
A new jump in the price of gold today, Wednesday, in Egypt, during trading a
Exploring the Relationship Between Mental Health and Social Media: A Personal Journey
The American company Bechtel launches its regional headquarters in Riyadh
Earthquake on Wall Street .. Snap shares lose 40% at the close of trading
The French are missing almost 600 euros to live comfortably, a record
Court in Geneva: Swiss VW customer wins in the diesel scandal