German businesses downbeat

The latest survey of companies by the Ifo economic think tank shows business sentiment dropped for the fourth month in a row in August.

It is now at its lowest level since March 2010, driven down by increasing worries about the future level of exports.

Leading industrial manufacturers ThyssenKrupp, Opel and Bosch are reducing working hours - or planning to - due to weaker demand.

...
http://www.euronews.net/