German business sentiment stagnates in May, Ifo says

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Keegan Matheson on Blue Jays, Baseball Memories, and More | SaltWire #writer #torontobluejays #mlbBERLIN - German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement.

The Ifo institute said its business climate index remained constant in May at 89.3, compared with a reading of 90.4 forecast by analysts in a Reuters poll. Companies were less satisfied with the current business situation. Expectations, on the other hand, brightened.Industry, trade and construction are recovering, while service providers are suffering a setback, the Ifo institute said.

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