Sentiment among German companies improves: ifo business climate index

Sentiment among German firms has improved, according to the ifo business climate index, which rose to 87.5 points in May—up from 86.9 in April.
This was due to less skeptical expectations.
However, firms assessed their current business situation as somewhat less favourable.
The recent sharp rise in uncertainty among firms has eased somewhat.
The index rose significantly in manufacturing and trade.Read More