Business optimism in Germany fell for the fifth month in a row, a closely-watched survey showed Monday, in another sign that Europe’s debt crisis is weighing on the continent’s largest economy.
The Ifo index dipped to 101.4 in September from 102.3 in August. The consensus in the markets was for a flat reading.
Germany’s government is in relatively good financial shape and its economy has performed strongly over the past couple of years despite rising debt problems across the 17-country eurozone.
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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