The Ifo Business Climate gauge for Germany decreased for a fifth straight month in September, data by the Ifo Institute showed.
The index came in at a reading of 85.4 in September, down from 86.6 in August. It has been the gauge’s lowest level since January.
The latest reading was also below market consensus of 86.
The sub-index of business expectations decreased to a level of 86.3 in September from 86.8 in August.
At the same time, the sub-index of current conditions dropped to 84.4 in September from 86.5 in August.
The Euro was last little changed on the day against the British Pound, with the EUR/GBP currency pair trading at 0.8324.
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