German business confidence regains more ground in June | Malay Mail

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FRANKFURT, June 24 — German business confidence in June recovered more ground lost to the coronavirus, a closely-watched survey showed today, even as local outbreaks led to shutdowns in some parts of the country. The Ifo institute’s monthly barometer rose 6.5 points to 86.2, slightly beating...

People walk past Berlin’s famous KaDeWe shopping centre on the Kurfuerstendamm boulevard during the spread of coronavirus disease in Berlin, Germany, March 26, 2020. — Reuters pic

The Ifo institute’s monthly barometer rose 6.5 points to 86.2, slightly beating analysts’ expectations. “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.

Measures of German consumer, investor and business confidence have improved in recent weeks as lockdowns are eased and everyday life makes steps towards normal.

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