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German business confidence slips again in August

German business confidence slips again in August

German business confidence slipped again in August, a closely watched survey showed Tuesday, but the decline was smaller than expected.
The Munich-based Ifo institute said its business confidence index slipped to 105.8 points in August from 106.4 in July.
It was the fourth monthly decline in business sentiment in Europe's biggest economy. However, economists surveyed by Dow Jones Newswires had predicted a sharper decline to 105.2.


Updated : 2021-08-04 21:17 GMT+08:00