German business confidence slides for third month

Print version
July 25, 2012, 11:47 a.m. | World — by Associated Press

A sunflower stands in front of the Euro sculpture in Frankfurt, Germany.
© AP

Associated Press

Associated Press

BERLIN — A closely watched survey shows that business confidence in Germany, Europe's biggest economy, has slid more than expected in July as worries about the impact of the eurozone debt crisis deepen.

The Ifo institute said its confidence index dropped to 103.3 points in July from 105.2 in June. It was the third consecutive month-on-month fall.

Germany so far has been relatively unaffected by the debt-related economic troubles rocking the other countries in the 17-nation eurozone but worries are growing that it won't be able to escape the fallout.

Wednesday's Ifo reading was the lowest since the index stood at 102.0 in March 2010.

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus


© 1995–2015 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.