Europe’s Stocks Close Little Changed Following German Data

European stocks finished Wednesday marginally higher, with mixed factors impacting the markets, as data showed that the manufacturing sector in Germany remained impacted by supply chain disruptions and bottlenecks.

Germany’s IFO Business Climate Index remained positive but declined to 99.4 in August, while the gauge of Current Economic Assessment increased to 101.4.

The STOXX Europe 600 Index added 0.05 points, or 0.01%, to close at 471.84 points.

The pan-European index is up for the month by 2.19%.

Meanwhile, the German DAX declined by 0.28%, while the French CAC40 and UK’s FTSE100 gained 0.18% and 0.34%, respectively.