The Ifo institute said its business climate index stood at 91.7
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German business morale fell further than expected in May, adding to signs of stubborn economic headwinds for Europe's largest economy despite hopes that it could skirt recession, a survey showed on Wednesday.
The Ifo institute said its business climate index stood at 91.7 following a reading of 93.4 in April. A Reuters poll of analysts had pointed to a May reading of 93.0. (Reporting by Linda Pasquini and Friederike Heine, editing by Kirsti Knolle)
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