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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