German Business Confidence Slips as Risks Weigh on Economy
- Ifo business climate index drops to 108.7 from 109.0
- Gauge for current conditions falls, while expectations steady
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German business confidence unexpectedly slipped in December in a sign that companies are concerned about the risks facing Europe’s largest economy.
The Ifo institute’s business climate index dropped to 108.7 from 109.0 in November. The median estimate in a Bloomberg survey of economists was for an unchanged reading.