Sentiment among German companies worsened more than anticipated in July, marking the second consecutive monthly decline, the ifo Institute reported on Thursday. The monthly survey, which includes around 9,000 German firms in manufacturing, services, trade, and construction, showed the Business Climate Index dropping from 88.6 points in June to 87 in July, missing economists’ forecasts of a rise to 88.9. This overall decline in business confidence was driven by deteriorations in both current conditions and business expectations for the next six months. The expectations gauge fell to 86.9 in Jul…