German business confidence falls amid trade tensions
BERLIN (AP) — A closely watched survey showed a bigger-than-expected drop in German business confidence amid worries about international trade tensions, but Tuesday's report doesn't necessarily signal any serious problems for Europe's biggest economy.
The Ifo institute said its barometer of managers' sentiment in Germany declined to 102.1 points for April from 103.3 last month. Economists had expected a more modest dip to 102.8.
Ifo found that managers' view of both their current situation and the outlook for the next six months has darkened.
Germany, one of the world's biggest exporters, is concerned about the implications of trade disputes between the U.S., China and others.