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A Sudden Drop in The IFO Business Climate Index in Germany

Adel 26 July, 2021 3:12 pm Market Update

A survey showed on Monday that the IFO index of business confidence recorded a surprise decline in July, as concerns about the supply chain persisted and amid a rise in Coronavirus infections.

The Ifo institute said its business climate index fell to 100.8 from 101.7 after being revised in June. A Reuters poll indicated a reading of 102.1 in July.

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