German Ifo business morale falls in June weighed by Ukraine, Iraq
Published 24/06/2014 | 09:22
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.