BERLIN (AP) — Business confidence in Germany dropped for the sixth month in a row, a closely watched survey showed Wednesday, amid growing indications the financial crisis is taking an increasing toll on Europe’s largest economy.
Munich’s Ifo institute said its key business climate figure dropped to 100 in October from 101.4 in September. Economists had been predicting a slight increase to 101.6, and the euro dropped to a one-week low versus the U.S. dollar of $1.2920 following the report.
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