The IFO index, which measures confidence in Germany, declined to 85.7 in November compared to 86.5 in October, while expectations indicated a decline to 86.1, affected by a decline in the assessment of the current economic situation and a decline in the expectations index.
In detail, the index, which is based on a survey of about 9,000 companies in the manufacturing, services, trade and construction sectors, declined to 84.3 compared to 85.7 in October, while the expectations index declined to 87.2 from 87.3, while the construction sector led the declines in terms of sectors, with a decline of -28.5 from -25.7, while the manufacturing sector declined to -21.9 points and the services sector to -3.6 points.
At the end of trading this week, markets are awaiting inflation figures from the European region, which are expected to rise to 2.3% in the initial reading for December compared to 2% in November.
The euro is trading at 1.0483 against the US dollar in the middle of the opening session of the week today, Monday, after recording its lowest levels since October of last year on Friday at 1.3333.
23/12/2024
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