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

By: Trademagazin editor Date: 2021. 04. 26. 11:05

The German business sentiment index improved less than expected in April, according to a survey by the ifo Institute for Economic Research at the University of Munich.

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)