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2025-12-17 17:31:20
[German Business Confidence Unexpectedly Cools, Manufacturing, Services, and Trade All Decline] ⑴ Germany's IFO Business Climate Index unexpectedly fell to 87.6 in December, down from 88.0 in November and also below market expectations of 88.3. ⑵ IFO President Clemens Foster stated that this indicates the year ended without optimism, with businesses becoming more pessimistic about the outlook for the first half of 2026. ⑶ By sector, business confidence declined this month in manufacturing, services, and trade, while the construction sector remained at a low level without improvement. ⑷ Although businesses' assessment of their current operating conditions remained unchanged, the deterioration in future expectations dominated the overall index decline, reflecting pressure on both domestic and external demand prospects. ⑸ This data exacerbated market concerns about the growth momentum of Europe's largest economy at the beginning of 2026, potentially impacting overall recovery expectations for the Eurozone.
