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    Home > Finance > German business sentiment tumbles in December
    Finance

    German business sentiment tumbles in December

    Published by Global Banking & Finance Review®

    Posted on December 17, 2024

    2 min read

    Last updated: January 27, 2026

    This image illustrates the contrasting trends in UK business morale and pay growth as reported in December 2024, highlighting the decline in confidence and the rise in average salaries amidst economic uncertainty.
    Declining UK business morale and strong pay growth trends - Global Banking & Finance Review
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    Quick Summary

    German business sentiment fell in December due to geopolitical uncertainty and industrial challenges, according to the Ifo institute.

    German Business Sentiment Declines Sharply in December

    By Rachel More

    BERLIN (Reuters) -German business morale worsened more than expected in December, a survey showed on Tuesday, weighed down by companies' pessimistic assessment of the coming months amid geopolitical uncertainty and an industrial slump in Europe's largest economy.

    The Ifo institute said its business climate index decreased to 84.7 in December from a revised 85.6 the previous month.

    Analysts polled by Reuters had forecast a reading of 85.6.

    The survey of around 9,000 company managers found an improvement in the assessment of current conditions, but the expectations index posted a surprise fall to 84.4 in December from 87.0 in November. Economists polled by Reuters had forecast a reading of 87.5.

    The re-election of Donald Trump as U.S. president, paired with a political impasse at home ahead of snap polls in February, has added to uncertainty at a time when Germany is already battling stubborn headwinds.

    Already on track for a second consecutive year of contraction in 2024, next year is forecast to bring further challenges as the German industrial model stalls, with big names like Volkswagen looking to scale back production, and consumer sentiment tumbling on feared job cuts.

    (Reporting by Rachel More, editing by Friederike Heine)

    Key Takeaways

    • •German business morale worsened in December.
    • •Ifo business climate index fell to 84.7.
    • •Expectations index dropped unexpectedly.
    • •Geopolitical uncertainty impacts sentiment.
    • •Germany faces industrial challenges in 2024.

    Frequently Asked Questions about German business sentiment tumbles in December

    1What is the main topic?

    The article discusses the decline in German business sentiment in December due to geopolitical uncertainty and industrial challenges.

    2What did the Ifo index reveal?

    The Ifo business climate index decreased to 84.7 in December, indicating worsening business morale.

    3How is Germany's economy expected to perform?

    Germany is on track for a second consecutive year of contraction in 2024, facing industrial challenges.

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