German Business Confidence in April May Drop on Crisis
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German business confidence probably declined for the first time in six months in April as the resurgent sovereign debt crisis threatens to curb growth.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, will drop to 109.5 from 109.8 in March, according to the median forecast of 40 economists in a Bloomberg News survey. Ifo releases the report at 10 a.m. in Munich today.