Economics
German Ifo Business Index Declines as Growth Seen Slowing
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German business confidence fell to the weakest level this year amid signs of slower growth in Europe’s largest economy.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, declined to 109.7 in June from 110.4 in May. Economists predicted a drop to 110.3, according to the median of 40 estimates in a Bloomberg News survey.