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German business morale unexpectedly falls in October
October 25, 2013 / 8:11 AM / 4 years ago

German business morale unexpectedly falls in October

BERLIN, Oct 25 (Reuters) - German business morale unexpectedly fell in October, dropping for the first time in six months in a sign that growth in Europe’s largest economy remains vulnerable.

The Munich-based Ifo think tank said on Friday its business climate index, based on a monthly survey of 7,000 firms, fell to 107.4, missing the consensus forecast in a Reuters poll for a gain to 108.0. That compared with a reading of 107.7 in September.

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