The ifo German business sentiment index deteriorated in June

The ifo German business sentiment index deteriorated in June for the third month, although proved to be better than expected.

According to a survey conducted by ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V., the overall business sentiment index of the German economy declined by 0.5 points to 97.4 points in June in line with market expectations. (MTI)