German business confidence falls back in April

25 April, 2019 12:00 AM printer

FRANKFURT AM MAIN: Confidence among German business leaders fell back in April, a closely-watched survey showed Wednesday, wilting signs of green shoots visible in a tentative increase last month.

The Munich-based Ifo institute said its confidence index fell 0.5 points to 99.2, undoing half the first increase in six months booked in March, reports AFP.

“Companies are less happy with their present business situation, and the slight optimism for the months ahead from March has dissipated,” Ifo chief Clemens Fuest commented.