German Business Confidence Falls as Global Risks Take Toll
- Ifo business climate drops to 108.2 in October from 108.5
- Current-conditions gauge deteriorates, expectations improve
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German business confidence fell for the first time in four months in October, signaling that a slowdown in global demand is taking its toll on Europe’s largest economy.
The Ifo institute’s business climate index declined to 108.2 from 108.5 in September. The median estimate was for a drop to 107.8, according to a Bloomberg survey of economists.