German Business Confidence Falls Following International Turmoil

Business confidence in Germany is down for a sixth straight month following a string of disappointing growth data. The continuing tension in Ukraine is also taking a toll on Europe's largest economy as both the government and independent analysts cut German growth forecasts. Business leaders have also reassessed their positions on Germany following the latest data reports. The IFO institute said on Monday that its confidence index fell from 104.7 points in September to 103.2 points during the month of October. Economists warn there could be worse to come over the next six months if Africa's Ebola crisis continues to spread.