Economics
German Business Confidence Falls for a Fourth Month
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German business confidence fell for a fourth straight month in August as the sovereign debt crisis curbed growth in Europe’s largest economy.
The Ifo institute in Munich said its business climate index, based on a survey of 7,000 executives, dropped to 102.3 from 103.2 in July. That’s the lowest reading since March 2010. Economists predicted a decline to 102.7, according to the median of 37 forecasts in a Bloomberg News survey.