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German business confidence slips slightly below expectations

Staff writer |
The Ifo Business Climate Index for Germany edged down to 108.7 in December from 109 in November of 2015, slightly below market expectations.

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Companies assessed their current business situation less favorably (112.8 from 113.4), while expectations over future developments were unchanged.

Business Confidence in Germany averaged 101.68 from 1991 until 2015, reaching an all time high of 115.40 in February of 2011 and a record low of 84.60 in December of 2008.

A Purchasing Managers’ Index for German manufacturing and services indicated the country’s private sector rounded off its best quarter in one and a half years.

German investor confidence improved for a second consecutive month in November in anticipation of more stimulus by the ECB and unemployment unexpectedly fell to 6.3 percent last month, the lowest since German reunification.

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