Frankfurt - Germany's Ifo business confidence indicator fell sharply in July, data showed on Friday, as the crises in Ukraine and the Middle East weigh on companies' outlook.

The Ifo economic institute's closely watched business climate index fell to 108.0 points in July from 109.7 points in June.

Analysts polled by Dow Jones Newswires had expected a smaller dip, to 109.4 points. - Sapa-AFP