The confidence of German entrepreneurs in the economy increased in December. This was reported by the Ifo research institute. The confidence index of Ifo was 96.3 against 95 in November. Economists generally calculated at a level of 95.5.
Producer prices in Germany stabilized in November compared to the previous month. The German Federal Statistical Office reported this. Economists expected on average that prices would rise by 0.1 percent. In October, the prices charged by German manufacturers for their products fell by 0.2 percent.
On an annual basis, producer prices fell by 0.7 percent in November, after falling by 0.6 percent a month earlier.
