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German business confidence heads downhill after 6-month rise

Por: ABC News Business May 24, 2023

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BERLIN -- German business confidence has dropped for the first time after a six-month rise as inflation recedes only slowly in Europe's biggest economy and interest rates continue to increase, a closely watched survey showed Wednesday.The Ifo institute said its monthly index dropped to 91.7 points in May from 93.4 last month. The index had risen every month since November. Managers' outlook for the next six months declined... + full article



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