German Business Sentiment Fell in June as Manufacturing Outlook Worsens

By Ed Frankl Business sentiment in Germany worsened in June for the second month in a row, with weakness in the manufacturing sector leading to a bleaker outlook for the German economy.

The index assessing the expectations for the next six months tumbled to 83.6 in June from 88.3 in May, and the indicator gauging current business conditions also fell, to 93.7 from 94.8, the survey said. "The weakness in the manufacturing sector is steering the German economy into turbulent waters," Fuest said.

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