The Ifo Business Climate Index for German trade and industry fell to 107.4 points in June from 108.5 points last month. The indicator for the current business situation declined this month following three successive increases. Business expectations deteriorated for the third consecutive month and are now only slightly optimistic. The outlook for the German economy is overcast. In manufacturing the business climate deteriorated clearly. After reaching the year’s highest level in May, assessments of the current business situation deteriorated somewhat, but nevertheless remained good. Business expectations for the ... (full story)