Monday 23 October 2017

German Ifo business morale falls in June weighed by Ukraine, Iraq

German finance minister Wolfgang Schaeuble
German finance minister Wolfgang Schaeuble

German business sentiment fell more than expected in June, signalling that Europe's largest economy is taking a breather and companies are concerned about political crises in Ukraine and Iraq.

The Munich-based Ifo think tank's business climate index, based on a monthly survey of some 7,000 firms, decreased to 109.7 from an unrevised 110.4 in May. Expectations in a Reuters poll of 40 economists had been for a fall to 110.2.

Online Editors

Also in Business