Skip to Content

German business confidence drops for 5th consecutive month

Andrew Cuomo

BERLIN (AP) — A closely watched survey shows that German business confidence has dropped for the fifth consecutive month amid persistent supply-chain bottlenecks and a resurgence of coronavirus infections in Europe’s biggest economy. The Ifo institute said Wednesday that its monthy confidence index dropped to 96.5 points in November from 97.7 last month. Companies’ assessment of both their current situation and their outlook for the next six months worsened. It was the lowest figure since February. The survey is based on responses from about 9,000 companies in various business sectors. 

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content