Economics
German Business Confidence Drops for Fifth Month
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German business confidence fell more than analysts forecast in September as economic and political risks in the euro area increase.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, dropped to 104.7 from 106.3 in August. Economists predicted a decline to 105.8, according to the median of 36 estimates in a Bloomberg survey. The index is now at its lowest since April 2013.