Investing.com - German business confidence deteriorated in February, according to survey data released on Thursday.
The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of companies, fell to 115.4 from 117.6 in January.
The reading was economists’ expectations for 117.1.
The current assessment sub-index ticked down to 126.3 from 127.8 last month, compared to expectations for a reading of 127.0.
The business expectations sub- index fell to 105.4 from 108.3 in January, against expectations for 107.9.