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German Business Sentiment Worsened for Fourth Consecutive Month in August
Business sentiment in Germany weakened in August for the fourth month in a row, and by more than expected, as the economic outlook turns gloomier in Europe's largest economy, according to a survey of companies. The Ifo business-climate index declined to 85.7 in August from 87.4 in July, data from the Ifo Institute said Friday, missing expectations of 86.6 by economists polled by The Wall Street Journal. The reading was the lowest level since October 2022. "Companies are increasingly pessimistic about the months ahead," said Clemens Fuest, president of the Ifo Institute. Ifo's indicator gauging current conditions ... (full story)
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