FRANKFURT, Germany (AP) — German business sentiment as measured by the closely watched Ifo index sagged more than expected in August in another signal that Europe's largest economy is slowing.
The index fell to 108.7 for August from 112.9 in July, the Munich-based Ifo institute said Wednesday. Market analysts had expected a smaller drop to 111.0.
Germany's economy barely grew in the second quarter and fears about a global downturn, Europe's debt crisis and another recession in the U.S. are all weighing on business outlooks.
The index is based on a survey of 7,000 business executives about their views of current conditions and their outlook for the future. It is an …
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