German Dec. Ifo business climate index falls

FRANKFURT: German business confidence fell slightly in December, but still remains at high levels, reflecting the ongoing resilience of Europe’s biggest economy in the face of numerous challenges, the Ifo economic institute said on Thursday.

The Ifo institute’s closely-watched business climate index slipped to 108.7 points in December from 109.0 points in November, Ifo said in a statement, a fractionally steeper drop than analysts had been expecting.


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