24 April 2001, 13:12  IFO WEST GERMAN BUSINESS SENTIMENT DROPS AGAIN IN MARCH

to 93.9 from 94.9, the 9th decline in the last 10 months and lowest levelsince July 1999. Both current conditions and expectations drop. Ifosurvey head Gernot Nerb tells Market News that the drop inexpectations indicates overall business confidence will decline inmonths ahead and that from a German perspective an ECB rate cut isjustified.

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