June 25, 2018 / 8:08 AM / in 4 months

German business morale falls in June

BERLIN, June 25 (Reuters) - German business confidence deteriorated in June, a survey showed on Monday, suggesting the mood among company executives in Europe’s biggest economy is darkening in light of the threat of a global trade war.

The Munich-based Ifo economic institute said its business climate index fell to 101.8, falling slightly less than predicted in a Reuters consensus forecast of 101.7.

“The tailwind enjoyed by the German economy is calming down,” Ifo chief Clemens Fuest said. (Reporting by Michael Nienaber, Editing by Thomas Escritt)

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