Germany's business confidence deteriorated to the lowest since mid-2020, adding to the fear of recession, survey results from the ifo Institute showed Monday.The business confidence index fell to 88.6 in July from a revised 92.2 in June. The score has reached its lowest value since June 2020 and was below economists' forecast of 90.2.Companies were expecting business to become much more difficult ...
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.