Sentiment among German companies has worsened further. The ifo Business Climate Index fell to 87.3 points in July, down from 88.6 points in June. This is its third consecutive fall. In particular, companies were notably less satisfied with their current business. Expectations were also lower. The situation in the German economy is turning bleaker. In manufacturing, the Business Climate Index dropped. The drivers of this development were noticeably poorer assessments of the current situation. Expectations were also more pessimistic. Companies are receiving ever fewer new orders. Capacity utilization fell by 1.4 ... (full story)