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Germany: Ifo business climate index down

Covid and bottlenecks put damper on expectations

24 November, 13:10
(ANSA) - BELGRADE, NOV 24 - The ifo Business Climate Index fell from 97.7 points in October to 96.5 points in November, the German Ifo institute said today. The reading suggests companies were less satisfied with their business situation, and expectations became more pessimistic. the institute noted, adding that supply bottlenecks and the fourth wave of the coronavirus are challenging German companies. (ANSA).

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