German business confidence down more than expected

Published August 27, 2012 12:54pm ET



FRANKFURT, Germany (AP) — German business optimism fell more than expected in August, according to the Ifo survey published Monday, another sign that Europe’s largest economy faces trouble from the eurozone debt crisis.

The index fell to 102.3 points in August, down from a revised 103.2 in July. Market analysts had expected a smaller dip to 102.6 points.

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