German business confidence deteriorated to a seven-month low in December as companies were more pessimistic about the first half of next year, survey data from the Munich-based ifo Institute showed on Wednesday.
The business climate index dropped to 87.6 in December from 88.0 in November. The score was expected to rise to 88.2.
Companies were more pessimistic about the first half of 2026, while their assessment of the current situation remained unchanged in December.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.