Business optimism in Germany fell for the fifth month in a row, a closely-watched survey showed Monday, in another sign that Europe’s debt crisis is weighing on the continent’s largest economy.
The Ifo index dipped to 101.4 in September from 102.3 in August. The consensus in the markets was for a flat reading.
Germany’s government is in relatively good financial shape and its economy has performed strongly over the past couple of years despite rising debt problems across the 17-country eurozone.
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