German business confidence regains more ground in June

FRANKFURT: German business confidence in June recovered more ground lost to COVID-19, a closely-watched survey showed Wednesday , even as local outbreaks led to shutdowns in some parts of the country.

"The mood in German boardrooms continues to brighten," Ifo chief Clemens Fuest said in a statement, with June seeing"the strongest-ever increase" in a single month.Ifo's figures are based on a survey of around 9,000 companies.Firms' assessments of their present situation inched up slightly, but their outlook for the coming months jumped almost 11 points, to 91.4.

But there are signs that Europe's top economy, which has suffered fewer deaths than neighbours like France, Italy or Britain, may not be out of the woods yet.

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