(ANSA-AFP) - BERLIN, AUG 26 - German business confidence fell
further in August, a closely-watched survey showed Monday, as
Europe's biggest economy struggles to emerge from a weak period.
The Ifo institute's confidence barometer, based on a survey of
around 9,000 companies, declined to 86.6 points from 87 points
in July. "The sentiment among companies in Germany is on a
downward trend," Ifo president Clemens Fuest said following the
fourth consecutive fall in the indicator. "The German economy is
increasingly falling into crisis," Fuest said. Businesses were
both less bullish about the current economic environment and
more pessimistic about their future prospects, according to the
survey. Confidence among companies in the manufacturing sector
in particular "fell considerably". (ANSA-AFP).
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