The business climate in the German economy declined slightly from its high note in recent months, according to research firm Ifo’s monthly measurements.
The index fell marginally to 108.5 from 108.6 in April. It is the first time since September that the index defenders, analysts had expected a larger pin.
Ifo chief Hans-Werner Sinn said according to AFP, the month slowdown is worrisome: “Companies are again more satisfied with their current business situation, while expressing marginally less optimistic about the coming months. The German economy continues to be on track. “
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