German business confidence drops in June

Note: This section contains information in English only.
Source: Bloomberg
Business confidence in Germany unexpectedly declined in June of this year, pointing on slowing economic growth in the largest economy of the Eurozone. The respective index from the Ifo institute slipped to 109.7 points in June, down from 110.4 points a month ago. Economists see German economy to slower, as yesterday the data showed weakening services and manufactufing sectors.

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