German Business Expectations Fall, Deepening Rebound Worry
- Ifo expectations drop to 86.9; economists saw uptick to 89.3
- ‘There is a lot of pessimism’ over coming months, Fuest says
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Germany’s business outlook unexpectedly fell, adding to concerns over the rebound of Europe’s biggest economy.
The Ifo institute’s expectation barometer dropped to 86.9 in July from a revised 88.8 in the previous month, defying economists’ predictions of a slight improvement. The gauge of current conditions and the overall measure also declined.