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German business confidence drops for 6th straight month
Index sank to its lowest level since December 2014
22 February, 11:07
(ANSA-AP) - BERLIN, 22 FEB - A closely watched survey shows
that business confidence in Germany has fallen for the sixth
consecutive month as worries mount about the outlook for
Europe's biggest economy.
The Ifo institute said Friday that its monthly index declined
to 98.5 points from 99.3 in January, sinking to its lowest level
since December 2014. That was a slightly worse showing than the
98.9 points economists had forecast.
Managers' assessment of both their current situation and
their outlook for the next six months darkened. Germany's
economy shrank in the third quarter and stalled in the fourth.
The Ifo said that its survey and other indicators at least
point to a return to quarterly growth of 0.2 percent in the
current quarter. (ANSA-AP).
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