The Ifo Business Climate gauge for Germany decreased for a fifth straight month in September, data by the Ifo Institute showed.The index came in at a reading of 85.4 in September, down from 86.6 in Au
Germany’s September business confidence at 8-month low
The Ifo Business Climate gauge for Germany decreased for a fifth straight month in September, data by the Ifo Institute showed.
The index came in at a reading of 85.4 in September, down from 86.6 in August. It has been the gauge’s lowest level since January.
The latest reading was also below market consensus of 86.
The sub-index of business expectations decreased to a level of 86.3 in September from 86.8 in August.
At the same time, the sub-index of current conditions dropped to 84.4 in September from 86.5 in August.
The Euro was last little changed on the day against the British Pound, with the EUR/GBP currency pair trading at 0.8324.
Best Exchanges
Open a Demo Account and Hone Your Trading Skills
A World-Class Trading Experience
Manchester United's Official Online Financial Trading Platform Partner
Low Spreads. Safe Trades.Trade confidently with FBS: superior conditions and exceptional security standards.
Get VIP treatment with ZERO spreads (for 90%+ of the trading day) + low commission (max 3.5 USD per lot per side) MT4/MT5
One of the best brokers for low spreads, trading conditions and execution
Brokers News
