德国1月商业景气指数环比保持低位不变

Core Viewpoint - The German business climate index remains unchanged at 87.6 points in January, marking the lowest level since May 2025, indicating a lack of growth momentum in the German economy [1] Group 1: Business Climate Index - The business climate index for Germany is at 87.6 points, unchanged month-on-month [1] - This index is at its lowest level since May 2025 [1] Group 2: Sector Performance - Among the four components of the business climate index, only the services sector saw a month-on-month decline, while manufacturing, construction, and trade indicators showed improvements [1] - Manufacturing firms have improved their future business expectations, although capacity utilization remains significantly below long-term averages [1] Group 3: Economic Outlook - The director of the Munich Economic Institute, Clemens Fuest, stated that the German economy still lacks growth momentum [1] - Ongoing geopolitical tensions and U.S. tariff policies complicate the economic outlook for Germany, according to ING's head of macro research, Carsten Brzeski [1]