IFO Reports: German Business Confidence Falls Below Forecasts

German business confidence dropped in June, with the ifo Business Climate Index falling to 88.6, below expectations, due to lowered future business expectations. Despite some sector improvements, like services and construction, overall economic outlook remains modest with predicted growth of 0.4% in 2024, and minimal impact from Euro 2024.

IFO Reports: German Business Confidence Falls Below Forecasts