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25 September 2017
 |
| APTOPIX Germany Election (The Total Investment & Insurance Solutions) |
A closely watched survey says German business optimism took a dip in
September ahead of federal elections and amid concerns about a stronger euro.
The Ifo business climate indicator fell to
115.2 points from 115.9 in August.
Stephen Brown, European economist at Capital
Economics, says the stronger euro may have weighed on sentiment. A stronger
currency can hurt a country's exports. The euro has risen to around $1.20 from
$1.05 at the start of the year.
Nonetheless, the survey result remains well
above the long-term average since 1991 of 102.1 as Germany enjoys steady growth
and low unemployment.
The survey published Monday by the
Munich-based Ifo institute is a leading indicator, meaning it is intended to
give a sense of where the economy is going in coming months.The Total Investment & Insurance
Solutions
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