Germany: Unexpected improvement in the business climate in May-Ifo | Photo credit: Shutterstock
BERLIN, May 23 (Reuters) – The business climate in Germany benefited from an unexpected upturn in May, the monthly survey by the Ifo economics institute showed on Monday.
Its business climate index rose to 93.0 from a (revised) 91.9 in April as economists and analysts polled by Reuters on average forecast a drop to 91.4 from 91.8 initially reported for April.
The component of the judgment of business leaders on their current business conditions rose to 99.5 after 97.3 (revised) last month and that measuring the change in their expectations rose very slightly, to 86.9 against 86.8. (Berlin office report, French version Marc Angrand, edited by Jean-Michel Bélot)