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German Jan business morale falls more than expected

Monday, January 25, 2016 - 17:26
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German retail sales dipped in December, marking a weak end to the year and suggesting private consumption, which has been a pillar of support for Europe's largest economy, could lose steam in the fourth quarter.

[BERLIN] German business morale fell in January, a survey showed on Monday, suggesting growing concern among company executives in Europe's largest economy as emerging markets slow and financial markets get off to a jittery start in 2016.

The Munich-based Ifo economic institute's business climate index, based on a monthly survey of some 7,000 firms, fell to 107.3 from a downwardly revised 108.6 in December.

The reading compared with the Reuters consensus forecast for the index to dip to 108.4.

REUTERS

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