German business sentiment index, decreased more than expected

The greater-than-expected decline occurred in the July German business sentiment index of Ifo economic research institute.

The index fell to 112.9 points, even though experts have reported that the July index will fell to 113.7 points after June’s 114.5 and May’s 114.2 point. This indicates that after two months of stabilization the business climate worsened – reports ProfitLine.hu.