BERLIN (AP) - A survey is showing a sharper-than-expected decline in German business confidence as managers' expectations for the next six months has darkened.

BERLIN (AP) A survey is showing a sharper-than-expected decline in German business confidence as managers' expectations for the next six months has darkened.

The Ifo institute said Tuesday that its closely watched confidence index fell to 105.7 points for February from 107.3 last month. Economists had forecast a slip to 106.8.

While businesses' assessment of their current situation improved, their outlook for the next half-year was significantly worse.

It was the third consecutive month that the Ifo index has dropped. The survey is based on monthly responses from about 7,000 firms in Germany, Europe's biggest economy.