German Ifo Confidence Declines After Winter Chilled Recovery

Posted by Forexsq 945 days ago (
img German business confidence fell for a second month in April after winter weather hindered the recovery in Europe’s largest economy.

The Ifo institute in Munich said its business climate index, based on a survey of 7,000 executives, dropped to 104.4 from 106.7 in March. Economists in a Bloomberg News survey forecast a decline to 106.2, according to the median of 44 estimates.

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