FRANKFURT, Germany — German business sentiment unexpectedly fell in September, a closely watched survey showed Wednesday. This decline represents a setback for Chancellor Friedrich Merz as he tries to revive Europe’s top economy.
The Ifo institute’s confidence barometer dropped to 87.7 points, down from 88.9 in August, breaking a run of eight straight increases. Analysts polled by financial institutions had anticipated continued improvement, making the decline a surprising development.
https://business.inquirer.net/548971/german-business-morale-in-shock-fall
