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German Ifo Business Climate Index Continues to Fall
The Ifo Business Climate Index for industry and trade in Germany fell to 108.0 points in July from 109.7 points last month. This marks the third decrease in succession. Assessments of the current business situation were less favourable than in June. Companies were also less optimistic about future business developments. Geopolitical tensions are taking their toll on the German economy. In manufacturing the business climate index fell considerably for the third month in succession. Assessments of the current business situation were clearly less favourable. Expectations also continued to deteriorate. The export outlook ... (full story)
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