here in germany, a key monthly survey from the eco research institute showed the mood among business leaders had fallen for the 5th. a month in a row in september with monitor is in the construction on the surface of sectors feeling, especially pessimistic the lakes. this figure is how fueled fear is that in europe, largest economy could be heading for a recession for the 2nd time this year. that's bringing clements, who was president of the eco e comic research institute clements put this in historical context for us. how bad a moment is this for the german economy as well? it's certainly not a good moment. the german economies really having trouble getting out of this recession. and if we look at the different sectors, for instance, the construction industry, the reading of the index is the lowest since january 2009, which was the peak of the financial crisis. so it's certainly not good at the other areas of the economy. the other sectors of the economy are doing better, but certainly not good. so it's not an accelerating decline, but it is a 2nd nation that's a very low level. and

that's bringing clements, who was president of the eco e comic research institution. clemens put this in historical context for us. how about a moment? is this for the german economy as well? it certainly not a good moment. the german economies really having trouble getting out of this recession. and if we look at the different sectors, for instance, the construction industry, the reading of the index is the lowest since january 2009, which was the peak of the financial crisis. so it's certainly not good at the other areas of the economy. the other sectors of the economy are doing better, but certainly not good. so it's not an accelerating decline, but it is a 2nd nation that's a very low level. and what is the biggest reasons behind this stock nation? that probably isn't one reason it's a combination of factors. it is high energy prices. it is exposure off the german economy to eastern europe. it is of cause high interest rates, and it is um, in probably a lot of uncertainty, not only about the economic environment, but also about wherever economic policy is going. for instance, the