BERLIN May 23 German business sentiment fell
more than expected to the lowest level so far this year in May,
signalling that Europe's largest economy is expanding at a
slower rate after the strongest quarterly growth in three years
between January and March.
The Munich-based Ifo think tank's business climate index,
based on a monthly survey of some 7,000 firms, decreased to
110.4 from an unrevised 111.2 in April. Expectations in a
Reuters poll of 42 economists had been for a fall to 110.9.
The euro fell to a three-month low against the dollar after
(Reporting by Berlin Newsroom)