Shortly after it became known that the Federal government runs out now of less economic growth this year, comes out the next scheduled Economic indicator: The Ifo business climate Index fell in January from 101 to 99.1 points. The Ifo research Institute in Munich said.
The researchers are asking each month about 9000 managers of German companies. The current decline is the fifth in a row and the lowest level since February of 2016.
expected Previously surveyed Economists on average so that the Index only goes back to a minimum of 100,6 points. “The German economy is in a downturn,” said Ifo President Clemens Fuest. The managers are not judged only the current business situation as poor, but also the prospects for the coming six months.
The Ifo Institute has recently reduced its economic forecasts for Germany. The gross domestic product is expected to rise in 2019 by only 1.1 percent. The problems of the auto industry with the new emission standard of measurement as well as uncertainties such as the Brexit, and American trade policy press currently, the mood.