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German Business Sentiment Slid Amid New Round in Trade Spat

  • Ifo index falls to 103.7 from 103.9; median estimate 103.2
  • Measures for expectations, current conditions both declined
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Clemens Fuest, president at Ifo Institute, discusses the factors behind the decline in German business confidence.Source: Bloomberg
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German business confidence slipped amid an intensifying trade war between the U.S. and China and emerging-market turmoil.

The closely-watched Ifo institute’s index of business confidence fell to 103.7 in September. The median forecast in a Bloomberg survey was for a drop to 103.2 from a revised 103.9. Measure for current conditions and expectations slid.