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German Business Optimism Slips From High on Economic Nerves

  • Ifo confidence index unexpectedly falls to 117.2 vs est. 117.5
  • Gauge for current conditions increases, expectations worsen
An employee inspects a Leica Noctilux-M 75 mm f/1.25 Aspherical lens on the assembly line at the Leica Camera AG factory in Wetzlar, Germany, on Tuesday, Nov. 28, 2017. German factory orders unexpectedly rose for a third month in October, in a sign that Europes largest economy will carry its strong momentum into 2018.
Photographer: Krisztian Bocsi
Updated on

German business confidence unexpectedly weakened in December, while remaining close to its record, in a sign of nerves over the outlook for Europe’s largest economy.

The Ifo Institute’s gauge of business sentiment declined to 117.2 from a revised 117.6 the previous month. Economists surveyed by Bloomberg predicted a reading of 117.5, matching November’s original number.