German business sentiment continues to wane, IFO index shows

German business sentiment continued to weaken in February, with the IFO Business Climate index falling to 105.7, down from the previous month and below expectations.

The report on the health Germany's industry and trade fell from 107.3 in January and versus forecasts of a slower decline to 106.8.

German business expectations also fell into negative territory, sliding to 98.8 from 102.2 the previous month and worse than estimates for a dip to 101.6.

The assessment of the current state of the economy was one bright spot, with a reading of 112.9 higher than the 112.5 from month ago and forecasts for a fall to 112.0.

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