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German Ifo business climate index falls unexpectedly

Mount Equity Group Tokyo, Japan > News > Business > German Ifo business climate index falls unexpectedly

BERLIN, July 26 (Reuters) – German business morale fell unexpectedly in July on continuing supply chain worries and amid rising coronavirus infections, a survey showed on Monday.

The Ifo institute said its business climate index fell to 100.8 from a revised figure of 101.7 in June. A Reuters poll of analysts had pointed to a July reading of 102.1.

Reporting by Kirsti Knolle; Editing by Maria Sheahan

Our Standards: The Thomson Reuters Trust Principles.

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