{"id":49891,"date":"2021-08-25T13:53:33","date_gmt":"2021-08-25T09:53:33","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=49891"},"modified":"2021-08-25T13:53:35","modified_gmt":"2021-08-25T09:53:35","slug":"german-business-confidence-drops-due-to-increase-in-covid-19-cases","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/german-business-confidence-drops-due-to-increase-in-covid-19-cases\/08\/25\/market-updates\/","title":{"rendered":"German Business Confidence Drops Due to Increase in COVID-19 Cases"},"content":{"rendered":"\n<p>German business confidence declined in August for the second month in a row, according to a survey published on Wednesday, August 25, as business expectations became more pessimistic about the coming months in Europe&#8217;s largest economy due to an increase in COVID-19 infections and supply bottlenecks.<\/p>\n\n\n\n<p>The Ifo institute said its business climate index fell to 99.4 from a downwardly revised reading of 100.7 in July.<\/p>\n\n\n\n<p>A Reuters poll of analysts pointed to a reading of 100.4 in August.<\/p>\n\n\n\n<p>Following the release of the German IFO Business Survey, the institute\u2019s Economist Klaus Wohlrabe said that \u201c70% of industrial businesses complain about supply chain bottlenecks.\u201d<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><\/p><p><br>Also trade index has fallen, traders were less satisfied with their current business.<\/p><p>Export expectations have fallen but remain at a relatively good level.<\/p><p>Two thirds of companies in both manufacturing and retail sectors want higher prices to cover rising costs.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>German business confidence declined in August for the second month in a row, according to a survey published on Wednesday, August 25, as business expectations became more pessimistic about the coming months in Europe&#8217;s largest economy due to an increase in COVID-19 infections and supply bottlenecks. The Ifo institute said its business climate index fell &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6839,5867],"class_list":["post-49891","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-germany","tag-ifo"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=49891"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49891\/revisions"}],"predecessor-version":[{"id":49893,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49891\/revisions\/49893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30717"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=49891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=49891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=49891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}