Germany: slight rise in the Ifo index in May


(CercleFinance.com) – The business climate is improving a little in Germany, according to the Ifo institute index which reached 93 in May, after 91.9 the previous month, an increase driven by a better evaluation of the current situation while expectations remain more or less stable.

“The German economy is showing resilience in the face of the problems of inflation, bottlenecks and the war in Ukraine”, comments the Munich-based institute, adding that “there is no observable signal of a recession.

For the record, the Ifo business climate index is calculated from the responses of a panel of 9,000 German companies in the manufacturing industry, services, trade and construction sectors.

Copyright © 2022 CercleFinance.com. All rights reserved.

Did you like this article ? Share it with your friends with the buttons below.


Twitter


Facebook


LinkedIn


E-mail





Source link -85