Germany's business sentiment worsened more than expected in June as the war in Ukraine, high inflation and supply chain disruptions triggered fears of recession, survey results from the ifo Institute showed on Friday.
After rising for two months, the business confidence index dropped to 92.3 in June from 93.0 in the previous month. The index was forecast to fall marginally to 92.9.
Companies were somewhat less satisfied with their current business situation and their expectations turned markedly more pessimistic.
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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.