German Business Confidence May Decline to Near 3-Year Low
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German business confidence probably fell to the lowest in almost three years in November as a recession in the euro area damped growth in Europe’s largest economy.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, will fall to 99.5 from 100 in October, according to the median forecast of 48 economists in a Bloomberg News survey. That would be the seventh straight decline and the lowest reading since January 2010. Ifo releases the report at 10 a.m. in Munich today.