Poll: Drop in German business confidence

BERLIN (AP) - German business confidence fell more than expected this month here in the midst of fears about Europe's debt crisis, but the overall picture remains positive, confidence index from the Ifo Institute for a closely monitored Friday.The survey showed dropped to 112.9 points for July of 114.5 in June. Then the index remains to highs multi-year it reached the last few months, economists had expected a slip by less than a point.IFO said companies of their present situation evaluation and prospects for the six months has decreased.Manufacturers expect more slow export growth and climate darkened in the retail sector, said Ifo. But "even weaken the expectations of the company, the German economy is still enjoy pleasant summer days," added.In Germany, more great economy of Europe, is on the track for a second consecutive year of strong economic growth with a sustainable export boom is accompanied by signs of increase in domestic demand.Its economy has not yet been affected by debt woes shake several other countries in the euro area.Exit German grew 3.6% last year, and Chancellor Angela Merkel said that a similar increase is expected in 2011.Allemagne left the crisis behind it and better that before, "she said after the publication of the report."Again, Economist ING Carsten Stories, said the latest Ifo reading suggests that the crisis of the sovereign debt of the continent is finally worry about German companies. "Economic fundamentals solid and some secondary positive effects of the crisis in sovereign debt - lowering the interest rates and lower currency - saved the German economy from the soft overall patch and market turmoil for a long time,""he said." ""This Blazon is obtains the thinner", he added.UniCredit Economist Alexander Koch, has said the decline in trust companies "added to the risk of a hard landing".However, he predicted rather "stabilization towards the end of this year, with growth of GDP certainly much lower but still respectable.Order books comparative confidence of companies on the current situation and backwards pointing to a solid vision in the short term, argued the Ifo Koch.Indice is based on the monthly responses of some 7,000 businesses.