German business confidence posts surprise fall in December

Berlin, Rabi’I 6, 1437, Dec 17, 2015, SPA — German business confidence posted a surprise fall in
December amid uncertainties about the outlook for Europe’s biggest
economy, dpa reported.

The Munich-based Ifo institute said on Thursday that its closely
watched business confidence index slumped to a lower-than-forecast
108.7 points this month from a preliminary reading of 109 in
November.

–SPA
12:52 LOCAL TIME 09:52 GMT