Ifo’s April German business sentiment index fell short of expectations

The business sentiment index rose to 96.8 points in April, the highest since June 2019, from 96.6 points in the previous month instead of the expected 97.8 points.

Business sentiment improved mainly due to the fact that the business participants surveyed rated their current situation as slightly better than in the previous month, but moderated their optimism about their expectations for the next six months. (MTI)