Germany’s Ifo confidence index fell below expectations in September. The index, which is based on a survey of nearly 9,000 companies in Germany, rose to 87.7 points, compared to July’s reading of 88.9 points, while expectations had been higher at 89.3.
In detail, the current situation index slowed to 85.7, compared to 86.4 in August, while the expectations index fell to 89.7, from 91.4 in August.
Across sectors, the manufacturing index fell to -13.3 from -12.4 in August, while the services index fell to -3 from 2.6.