German business sentiment hits lowest since May 2020: ifo

Germany’s ifo Business Climate Index fell to 84.7 in December, the lowest since May 2020, as companies’ expectations worsened.
Manufacturing saw notable declines, with reduced satisfaction and gloomy forecasts.
The trade sector also failed to maintain its recent positive trend, driven by dissatisfaction in both wholesale and retail.

​Germany’s ifo Business Climate Index fell to 84.7 in December, the lowest since May 2020, as companies’ expectations worsened.
Manufacturing saw notable declines, with reduced satisfaction and gloomy forecasts.
The trade sector also failed to maintain its recent positive trend, driven by dissatisfaction in both wholesale and retail.