Economic outlook
Ifo business climate rises fifth month in a row
The German economy looks more optimistic about the future. Behind it is also the hope of investing billions of investments by the state and a solution to the customs conflict.
The mood in the German economy continued to improve in May. The IFO business climate rose by 0.6 points to 87.5 points, as the IFO Institute announced in Munich on Thursday. The most important German economic barometer has increased the fifth month in a row and has reached the highest value since last June.
Economists had expected an increase. However, the survey of around 9,000 companies showed that the assessment of the current situation has deteriorated slightly. However, expectations of future business have increased significantly.
“The recently increased uncertainty among the companies has decreased something,” IFO President Clemens Fuest commented on the survey result. According to his assessment, the German economy slowly takes up again.
As the IFO Institute continued, the mood in the processing industry has improved significantly. Here the companies have particularly noticed the expectations upwards. The mood has also improved in the area of services and in the construction industry.
dpa
Source: Stern
