Germany's business confidence fell for a fifth successive month in January to its lowest level in nearly three years as firms grew more worried about the impact of a chaotic no-deal Brexit and further escalation of the global trade tensions.
The Business Climate Index fell to 99.1 in January, which is the lowest level since February 2016, from 101.0 points in December, results of the monthly survey by the ifo Institute showed on Friday. Economists had expected the reading to ease to 100.6.
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