German business confidence weakened for the second month in a row in September, according to new figures.
The ifo Business Climate Index fell from 115.9 points to 115.2 points in September, with companies less satisfied both about their current situation and the short-term outlook.
Manufacturing and wholesaling showed a marked decline on August’s figures, with manufacturing confidence falling from 29.9 to 27.9 and wholesaling from 23.7 to 19.3.
Only the construction and retailing sectors showed increased confidence.
The survey, based on monthly interviews with approximately 7,000 German businesses, came the day after German election results, which saw a big fall in support for Chancellor Angela Merkel’s conservative CDU/CSU alliance.
The election also saw big gains for the anti-immigration far-right AfD party – which won 12.6% of the vote.