German business confidence sours in March: Ifo | Bangkok Post: news

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German business confidence sours in March: Ifo

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German business confidence fell unexpectedly in March, data showed Friday, as weak economic data, political gridlock in Italy and the Cyprus crisis begin to sour business confidence in Europe's top economy. 

The Koenigstrasse shopping district in Stuttgart, southern Germany, on December 27, 2011. German business confidence fell unexpectedly in March, according to the Ifo economic institute's business climate index. Weak economic data, political gridlock in Italy and the Cyprus crisis begin to sour business confidence in Europe's top economy.

The Ifo economic institute's closely watched business climate index slipped to 106.7 points in March from 107.4 points in February. Analysts had been expecting a modest increase this month to 107.6 points.

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