By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: German IFO Geschäftsklimaindex sinkt im September auf 85,4, erwartet wurde 86,0.
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Forex > German IFO Geschäftsklimaindex sinkt im September auf 85,4, erwartet wurde 86,0.
Forex

German IFO Geschäftsklimaindex sinkt im September auf 85,4, erwartet wurde 86,0.

News Room
Last updated: 2024/09/24 at 9:03 AM
News Room
Share
3 Min Read
SHARE

The German IFO Business Climate Index dropped to 85.4 in September from 86.6 in August, missing market expectations. In addition, the Current Economic Assessment Index fell to 84.4 in the same period. The IFO Expectations Index also dropped to 86.3 in September, indicating firms’ projections for the next six months. This trend suggests a less optimistic outlook for the German economy than previously anticipated.

Despite the disappointing numbers, the market reaction to the German IFO Survey was relatively muted. The EUR/USD pair shrugged off the downbeat data and was trading 0.18% higher on the day at 1.1135. Investors are now looking ahead to Fedspeak and US Consumer Confidence data for further direction. It will be interesting to see how these factors influence the market sentiment in the coming days.

The IFO Business Climate Index is an important indicator of the overall economic health of Germany. It provides valuable insights into the sentiments of businesses and their expectations for the future. The recent drop in the index reflects a cautious outlook among German firms, possibly due to concerns about global trade tensions and the economic impact of the COVID-19 pandemic.

The German IFO Survey is based on responses from 9,000 firms in the manufacturing, service sector, trade, and construction industries. The survey was rebased and recalibrated in September, with changes to the base year and the inclusion of services in the series. This adjustment aims to provide a more accurate and comprehensive view of the business climate in Germany.

As one of the leading economic indicators in Germany, the IFO Business Climate Index is closely watched by investors, policymakers, and economists. It helps to gauge the overall sentiment in the business community and can influence market movements. The recent decline in the index highlights the challenges faced by the German economy and the need for proactive measures to support growth and stability.

In conclusion, the German IFO Business Climate Index dropping to 85.4 in September is a cause for concern, as it indicates a weakening sentiment among businesses in Germany. Despite the market expectations being missed, the reaction to the survey data was relatively muted. Investors are now focused on upcoming economic data releases for further insights into the health of the global economy. It will be important to monitor future developments in the German economy and how they impact market sentiment moving forward.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room September 24, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Amir Congratulates President of Guinea-Bissau
Next Article Dubai: Gold prices hit all-time high, expected to increase further – News
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle July 14, 2025
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025

You Might also Like

Forex

Pound Sterling Price Update and Prediction: GBP strengthens as risk sentiment improves

January 6, 2025
Forex

Elliott Wave Technical Analysis of NVIDIA Corp. (NVDA) [Video]

January 6, 2025
Forex

EUR/USD: Is it a Dead Cat Bounce? – OCBC

January 6, 2025
Forex

AUD/JPY maintains gains around 98.50 following PMI data release

January 6, 2025
Forex

NZD/USD edges up to nearly 0.5650 after China’s Caixin Services PMI

January 6, 2025
Forex

Japanese Yen bulls stay on the sidelines as USD/JPY remains steady above the mid-157.00s

January 6, 2025
Forex

Silver Price Prediction: XAG/USD bears in control below $30.00 near 200-day SMA

January 6, 2025
Forex

Gold price drops from multi-week high due to hawkish Fed expectations

January 6, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?