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German Ifo business morale index falls

Friday, July 25 09:10:18

German business sentiment fell for a third consecutive month in July, suggesting firms in Europe's largest economy are worried about the crises in Ukraine, Iraq and Gaza.

The Munich-based Ifo think tank's business climate index, based on a monthly survey of some 7,000 firms, fell to 108.0 from 109.7. The Reuters consensus forecast had been for a dip to 109.4.

The dates on which the survey was carried out were not immediately clear.

The think tank said geopolitical tensions were weighing on the business climate.

(Reuters)

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