German economic sentiment declined sharply in July as signs of economic recovery faded, survey data from the ifo Institute showed on Thursday.
The ifo Business Climate Index fell unexpectedly to a five-month low of 87.0 in July from 88.6 in June. The reading was seen at 88.9.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.