Germany’s business sentiment worsened more than expected in July, marking the second consecutive monthly decline, bolstering fears that the Eurozone’s largest economy is once again under pressure.
ADVERTISEMENTSentiment among German companies worsened more than anticipated in July, marking the second consecutive monthly decline, the ifo Institute reported on Thursday.
The monthly survey, which includes around 9,000 German firms in manufacturing, services, trade, and construction, showed the Business Climate Index dropping from 88.6 points in June to 87 in July, missing economists’ forecasts of a rise to 88.9.
This overall…