The Ifo Business Climate Index for Germany fell 1.2 points to 87.7 in September 2025, down from a revised 88.9 in August and below market expectations of 89.3. The reading marked the lowest since May and the sharpest monthly drop in over a year, reflecting growing pessimism among firms. Both expectations (89.7 vs. 91.4 in August) and current conditions (85.7 vs. 86.4) weakened, suggesting uncertainty surrounding US tariff policy has weighed on sentiment, clouding the outlook for Europe’s largest economy. Across industries, sentiment deteriorated among manufacturers (-13.3 vs. -12.4), service providers (-3.0 vs. 2.6) and traders (-22.9 vs. -21.4), but improved among constructors (-14.6 vs. -15.5).
作者：Joana Ferreira，文章来源tradingeconomics，版权归原作者所有，如有侵权请联系本人删除。
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