Sentiment among German companies deteriorated at the end of the year, providing more evidence that the economy is mired in a recession, results of a key survey showed Monday.
The business climate index fell to 86.4 in December from a revised score of 87.2 in the previous month, survey results from the Munich-based ifo Institute revealed. The score was forecast to improve to 87.8.
The ifo survey showed that companies were less satisfied with their current business and they were also more skeptical about the first half of 2024.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.