Euro, shares sag as Ukraine woes hit German confidence
| Reuters
Germany's Ifo survey revealed a hefty fall in business confidence
over the last few weeks, prompting concerns the region's growth engine
and driver of its recovery could be stuttering.
It was the third consecutive fall in an index which monitors the
mood of thousands of German firms, and Ifo's economists admitted the
scale of the decline this month had come as a surprise.
"Geopolitical tensions are taking their toll on the German
economy," Ifo said. "Companies were also less optimistic about future
business developments."
Edit: Graph of historical data available here.
Germany Business Confidence | Actual Data | Forecasts | Calendar
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