German business confidence declined for a second month in June amid signs of slower growth in Europe’s largest economy. The Ifo institute’s business climate index, based on a survey of 7,000 executives, fell to 109.7 from 110.4 in May. Economists predicted a drop to 110.3, according to the median of 40 estimates in a Bloomberg News survey. A gauge of German manufacturing and services activity published yesterday showed slower growth than analysts anticipated and a similar measure signaled contraction in France, highlighting the euro area’s struggle to sustain its recovery. While the Bundesbank has said Germany’s ... (full story)