The Ifo Institute for Economic Research reported that confidence among German investors fell more than expected in November. Experts expressed concern about the current economic situation in Germany as a result of this decline. This indicator, which measures expectations for economic activity in the next six months, decreased more sharply than was forecasted. "We have grounds for concern," said Henrik Wesseling, an economist at the institute. "A decline in expectations primarily indicates that in the longer term, companies sense a significant deterioration in the business environment in their industry." The decrease in the confidence index significantly affected the financial sector, while the retail sector also experienced a noticeable decline.
