Germany's business confidence unexpectedly weakened in April to its lowest level in three years, suggesting that the biggest euro area economy is not yet out of the woods.
The business climate indicator dropped to 99.2 from an upwardly revised 99.7 in March, survey data from the ifo Institute showed on Wednesday.
Economists had expected the index to climb to 99.9 from March's original 99.6.
The latest reading was the lowest since April 2016, when the score was 99.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.