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2w ago

German Business Sentiment Improves in May as Uncertainty Declines

The Ifo business climate index rose to 87.5 points, driven by stronger expectations and gains in manufacturing, trade, and construction.

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Die Stimmung unter den Unternehmen in Deutschland hat sich im Mai erneut verbessert. Die Firmen waren weniger zufrieden mit der aktuellen Lage, aber die Erwartungen hellten sich auf, wie das Ifo-Institut mitteilte.
Auf dem Bau, im verarbeitenden Gewerbe und bei den Dienstleistungen steigen die Erwartungen

Overview

  • The Ifo business climate index climbed from 86.9 in April to 87.5 in May, marking steady improvement in economic sentiment.
  • Companies' six-month expectations increased by 1.5 points to 88.9, while current situation ratings dipped slightly to 86.1 points.
  • Manufacturing saw significant gains, particularly in the food industry, with firms revising their outlooks upward and improving current assessments.
  • Trade and construction sectors experienced a rise in sentiment, with the construction index marking its fourth consecutive monthly increase.
  • The Ifo Institute highlighted reduced uncertainty among companies, signaling cautious optimism for Germany's export-driven economy.