German business confidence declined in December, reports said Thursday, citing results of a survey by the Ifo Institute.
The business climate index fell to 108.7 in December from 109 in November. It was forecast to remain unchanged at 109.
Likewise, the current conditions index dropped to 112.8, while economists expected the score to stay at November’s originally estimated level of 113.4.
At the same time, the expectations index came in at 104.7 in December, below the expected score of 105.
The material has been provided by InstaForex Company – www.instaforex.com