German Business Confidence Fell to 16-Month Low in October
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German business confidence fell to a 16-month low in October as the euro region’s worsening debt crisis threatened to push the economy into recession.
The Munich-based Ifo institute’s business climate index, based on a survey of 7,000 executives, dropped to 106.4, the lowest since June 2010, from 107.4 in September. Economists expected a decline to 106.2, according to the median forecast of 42 economists in a Bloomberg News survey.