ifo Business Climate index falls

Worries in the German business world continue to grow. The ifo Business Climate Index fell from 99.3 points (seasonally adjusted) in January to 98.5 points in February. This is the lowest level since December 2014. Companies again assessed their current business situation somewhat less favorably. Pessimism regarding the six–month outlook has also increased. These survey results as well as other indicators point to economic growth of 0.2 percent in the first quarter. The economic situation in Germany remains weak.