German Ifo business climate index falls unexpectedly

RSS NEWS Uncategorized

This Post was originally published here: Source Link

The skyline with the financial district is photographed during sunset in Frankfurt
FILE PHOTO: The skyline with the financial district is photographed during sunset in Frankfurt, Germany, April 22, 2020, as the spread of the coronavirus disease (COVID-19) continues. REUTERS/Kai Pfaffenbach

July 26, 2021

BERLIN (Reuters) – German business morale fell unexpectedly in July on continuing supply chain worries and amid rising coronavirus infections, a survey showed on Monday.

The Ifo institute said its business climate index fell to 100.8 from a revised figure of 101.7 in June. A Reuters poll of analysts had pointed to a July reading of 102.1.

(Reporting by Kirsti Knolle; Editing by Maria Sheahan)