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German business sentiment stagnates in May, Ifo says

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German business sentiment stagnates in May, Ifo says

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.

Industry, trade and construction are recovering, while service providers are suffering a setback, the Ifo institute said.Scan QR code to install app

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German IFO Business Climate Index eases to 89.3 in May vs. 90.3 expectedThe headline German IFO Business Climate Index arrived at 89.3 in May, a tad lower than the April figure of 89.4.
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