German business confidence holds up amid trade worries

Business confidence in Europe’s largest fell only slightly in September despite worries about disputes that could harm growth.

The Ifo institute survey of the among business executives in Germany eased to 103.7 points from 103.9 in August.

Ifo institute head Clemens Fuest said Monday that the reading shows the German remained “stable, even if uncertainty is growing.”

Germany’s is heavily dependent on global , and businesses have been unsettled by new tariffs imposed by U.S. President Donald Trump and the retaliation by China and other partners. Europe’s has lost some steam recently amid worries about that and a potential collision between Italy’s populist government and the EU over rules limiting deficits and debt.

This article provided by NewsEdge.