New drop in August Ifo index. Deflection worse than expected following the first fall in GDP in the last quarter
New drop in August Ifo index. The index that measures the German business confidence fell for the fourth consecutive time points to 106.3 from 108 for the month of July. The agency reported Bloomberg , explaining that the decline was worse than expected, still 107 points in the new decline in the index reflects the slowdown in the Eurozone and political tensions with Russia and the escalation sanctions internazioni toward Moscow to whom it is paid the embargo by Putin to different foods.
The new fall follows the first fall of German GDP in the last quarter which recorded a contraction of 0.2%.
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