FXstreet.com (Barcelona) - German Ifo Business Climate Index for industry and trade has worsened more than expected in June, as the companies' assessment of the current economic expectations is less favourable than in the previous month, according to the latest research by the Ces-Ifo Group.

The Ifo current conditions index has declined to 101.3 in June from 103.5 in May. The economic outlook for the coming months does not look much brighter, as the expectations index decreased to 94.7 in June from 97.3 in May.

The firms expect weaker stimulus from exports in the coming months, the4y do not expect a sharp decline in exports despite the current strength of the euro, increases in employment will be weak, according to the report.