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German business sentiment drops to lowest in almost two years
Published Mon, Oct 27, 2014 · 09:50 PM
Frankfurt
GERMAN business confidence dropped for a sixth month as the spectre of a recession haunts Europe's largest economy.
The Ifo institute's business climate index, based on a survey of 7,000 executives, dropped to 103.2 in October from 104.7 in September. That's the lowest since December 2012. Economists predicted a decline to 104.5, according to the median of 38 estimates in a Bloomberg survey.
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