German confidence suffers second straight drop: Ifo

21st April 2011, Comments 0 comments

Business confidence in Germany suffered a second consecutive monthly decline, the closely watched Ifo indicator showed Thursday, but the fall was roughly in line with analysts' expectations.

The Ifo index of business sentiment fell to 110.4 in April from 111.1 in March. Analysts surveyed by Dow Jones Newswires had on average forecast a drop to 110.5 points.

© 2011 AFP

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