BERLIN: German business morale fell only slightly in July, a benchmark survey showed, suggesting Europe’s largest economy has weathered the immediate storm from Britain’s vote to leave the European Union. But fallout from Brexit, as well as strains to the social fabric caused by four high-profile acts of violence on German soil in the past week, could take their toll on sentiment in coming months, economists said. The Munich-based IFO economic institute said on Monday its business climate index, based on a monthly survey of some 7,000 firms, fell to 108.3 in July from 108.7 in June.
The headline figure beat the Reuters consensus forecast of 107.5 and was the second highest reading this year. But it also marked the first fall in three months.
