Dothan Eagle

Jul 25, 5:11 AM EDT

German business optimism down only a bit after Brexit vote

AP Photo
AP Photo/Ng Han Guan

Latest News
The Latest: Syria opposition group shamed by Germany attacks

Germany: IS claims responsibility for attack in Bavaria

German business optimism down only a bit after Brexit vote

Bavarian official: Ansbach attack suggests Islamist motive

Munich shooter was bullied loner, planned attack for a year

Multimedia
Exhibit Honors Soviet Photographer
Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
German business optimism down only a bit after Brexit vote

G-20 countries pledge to protect against Brexit shock

Brexit deals heavy hit to UK economy but eurozone holds up

Seoul: North Korea's economy shrinks 1st time in 5 years

Egyptian currency hits fresh low on black market

ECB ready to help eurozone further if Brexit hurts

Hedge funds sue Puerto Rico, accuse govt of diverting funds

Libyan dinar slides more amid continued political deadlock

Poland backs lower retirement age: 60 for women, 65 for men

Turkey opts to cut key interest rate again after failed coup

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Berlin Wall: 20 Years Later

BERLIN (AP) -- A closely watched index of German business optimism declined only slightly in July following Britain's vote to leave the European Union.

The Ifo institute's business climate index published Monday sunk to 108.3 points from 108.7 in June. The index combines the views of business executives on how things are now and on how they see the coming months.

Market analysts had expected a sharper decline in the mood in Europe's biggest economy.

Carsten Brzeski, chief economist at ING-DiBa in Frankfurt, said "German businesses do not seem to be extremely shocked by the British Brexit vote."

He noted that a sharper reaction might follow in the coming months, though, and "it is in our view too early to regard the Brexit-vote as a non-event for economic sentiment in Germany."

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.