German business sentiment worsens further in August

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBERLIN - German business morale deteriorated further in August for the fourth month in a row, a survey showed on Friday.

The Ifo institute said its business climate index stood at 85.7 following a reading of 87.4 in July. Analysts polled by Reuters had forecast a reading of 86.7. Assessments of the current situation fell to their lowest level since August 2020 and companies expectations are also increasingly pessimistic.

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