Business atmosphere deteriorated in Germany

Business atmosphere in April deteriorated more than expected in Germany – according to the Munich-based ifo Institute for Economic Research.

In April, the Business Mood Index of the ifo Institute for Economic Research (ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e. V.) decreased to 102.8 points, from the 103.3 points of March in Germany. The market expected a lower decline of 102.8 points for April. (MTI)