Economic Buzz: German Ifo Business Sentiment Weakens In June

Germanys business confidence index fell to 101.8 in June, reports said citing survey data from Ifo Institute on Monday. The initially estimated score for May was 102.2. The current conditions index came in at 105.1. The reading was forecast to drop to 105.7 in June from Mays initial value of 106.0. At the same time, the expectations index score was 98.6 in June compared to the expected 98.0.