Berlin  - German business confidence slumped more than expected in June, a key survey released Monday said, amid growing fears about the threat posed by rising inflation and slowing economic growth.

After unexpectedly edging up in May, Germany's closely watched Ifo business confidence index fell to 101.3 points this month from 103.5 points in May.

Economists had forecast that the monthly survey drawn up by the Munich-based Ifo economic institute would slip to 102.3 points. (dpa)