According to the Ifo Research Institute, the business climate index in Germany fell from 101 points in December o 99.1 points in January, which is the lowest figure since February 2016. Analysts expected the figure to decline only to a level of 100.7 points.
As known, the business climate index in Germany is a leading index of the state of the entire European business. The data to measure business sentiment and business conditions are taken from a survey of about 7,000 German companies.
