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Financial News: German Business Confidence Weakens In September

German Business Confidence Weakens In September

09/24/2018 - 04:38:00 (RTTNews)

(RTTNews) - Germany's business confidence weakened slightly in September, survey data from Mannheim-based Ifo institute showed Monday.

The business sentiment index fell to 103.7 in September from 103.9 in August. Economists had forecast the score to drop to 103.2 from the originally estimated 103.8 in August.

The current assessment indicator stood at 106.4 in September versus revised 106.5 a month ago. Nonetheless, the score was above the forecast of 106.

At the same time, the expectations index came in at 101.0 in September, down from 101.3, but above the forecast of 100.5.

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