By Maria Martinez
BERLIN (Reuters) -German business morale unexpectedly declined in September, a survey showed on Wednesday, as the economic outlook remained weak.
The Ifo institute said its business climate index decreased to 87.7 in September from a revised 88.9 in August. Analysts polled by Reuters had forecast a reading of 89.3.
Companies were less satisfied with their current business and expectations also darkened noticeably, as hopes for an economic recovery suffered a setback.
Germany has struggled to regain momentum this year, with the economy contracting by 0.3% in the second quarter compared with the first three months of the year, as U.S. demand slowed following months of buying ahead in anticipation of U.S. President Donald Trump’s new tariffs.
The Ifo index declined across all sectors with the exception of the construction industry, the data showed.
(Additional reporting by Miranda Murray, editing by Rachel More)
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