German business confidence dips slightly
German companies
Frankfurt am Main - Egypt Today
German business confidence saw a slight dip in August from last month's record high, a survey from the Munich-based Ifo institute said Friday, but still beat analyst expectations.
The closely-watched survey, seen as an indicator of future performance in Europe's powerhouse, fell to 115.9 points after reaching an all-time peak in July.
Analysts surveyed by Factset had expected a steeper decline in morale at 115.7 points.
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Ghadan Kif Kif
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