Tags: Germany | Economy

German Business Confidence Sinking

Monday, 27 August 2012 04:51 AM EDT


FRANKFURT, Germany — Germany's Ifo survey of business optimism fell more than expected in August, sending another downbeat signal about Europe's largest economy.

The index released Monday fell to 102.3 points in August, down from a revised 103.2 in July. Market analysts expected 102.6.

Germany's economy has done better than the rest of the eurozone, which is struggling with a crisis over too much government debt and recessions in several countries. Germany grew 0.3 percent in the second quarter and unemployment remains low.

But the debt crisis is having an increasing impact on Germany as growth sags among its eurozone trading partners and businesses and consumers hold off on spending and investment out of fear of the future.





© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Germany,Economy
117
2012-51-27
Monday, 27 August 2012 04:51 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved