World Economy

German BCI Falls

German BCI FallsGerman BCI Falls

A closely watched survey released Monday showed a larger-than-expected fall in German business confidence this month, with managers’ assessment of the outlook for the next six months darkening amid recent turmoil on markets and concerns over growth in China, ABC News reported. The Ifo institute said its monthly confidence index dropped to 107.3 points in January from 108.6 in December. Economists had forecast that it would slip to 108.4. The decline to the lowest level since last February was led by a drop in expectations for the next half-year. Managers’ assessment of the current situation slipped only slightly.