By Ed Frankl
German business confidence tumbled this month as the energy-price shock from the war in the Middle East dug into sentiment, a closely watched monthly survey said.
The Ifo Institute said Wednesday that its business-climate index, based on around 9,000 monthly responses from businesses, fell to 86.4 in March, down from 88.4 in February.
That marked the lowest since February last year, a result of more pessimistic expectations, Ifo said. However, a consensus of economists polled late last week expected a sharper decline to 85.5.
"The war in Iran has put any hope of a recovery on ice for the time being," Ifo President Clemens Fuest said.
Write to Ed Frankl at edward.frankl@wsj.com
(END) Dow Jones Newswires
March 25, 2026 05:16 ET (09:16 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments