Economics
German Business Sentiment Falls as Turmoil and China Sow Concern
- Ifo business climate index drops to 105.7 from 107.3
- Gauge for current situation improves, expectations fall
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German business confidence fell for a third month in a sign that companies in Europe’s largest economy are growing more concerned as slowing global growth roils financial markets.
The Ifo institute’s business climate index dropped to 105.7 in February from 107.3 in January. The median estimate in a Bloomberg survey of economists was for a decline to 106.8.