Economics
German Business Confidence Drops as Economy Seen Slowing
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German business confidence declined more than economists forecast amid signs that growth in the euro area’s largest economy will slow this quarter.
The Ifo institute’s business climate index, based on a survey of 7,000 executives, fell to 110.4 in May from 111.2 the prior month. Economists predicted a drop to 110.9, according to the median of 38 estimates in a Bloomberg News survey.