BERLIN: German business morale weakened for a second straight month in June, a leading survey showed, suggesting concerns about the Greek debt crisis are hitting the mood in corporate boardrooms across Europe’s largest economy.
Ifo’s business climate index, based on a monthly survey of some 7,000 firms, dropped to 107.4 in June from 108.5 in May.
That was its weakest reading since February and was below the Reuters consensus forecast for a reading of 108.1.
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