German business confidence weakened unexpectedly in July as supply bottlenecks and concerns over rising coronavirus infections weighed on the economy, survey results from the ifo Institute revealed on Monday.
The business climate index fell to 100.8 in July from a revised 101.7 in June. The score was forecast to rise to 102.1 from June's initially estimated value of 101.8.
Assessment of companies regarding their current business situations improved in July, while their expectations for the coming months were significantly less optimistic. The current conditions index rose to 100.4 from a revised 99.7 a month ago. But it was below the economists' forecast of 101.6.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.