Sentiment in the German economy has taken a downward turn. The IFO Business Climate Index fell from 97.7 points in October to 96.5 points in November. Companies were less satisfied with their current business situation, and expectations became more pessimistic. Supply bottlenecks and the fourth wave of the coronavirus are challenging German companies.
In German manufacturing, the index fell as companies assessed their current business as considerably worse. Supply bottlenecks in intermediate products and raw materials still have a grip on the manufacturing sector and a majority of companies plan to raise prices.
Post by : Republic of Turkey Ministry of Trade