IFO index has improved, but not enough

The IFO index reflecting the business mood in Germany increased to 84.2 points in May however, the improvement is less than the expected 85 points.

he participants of the survey judges the current situation pessimistic however, they are hoping in an expected future economic development. According to economist of IFO the business climate has deteriorated slightly in May compared to April. Currently, the main problem is the lack of demand, and this is only exacerbated by the high unemployment rate. The economic change has not yet occurred, but some positive signs has already shown – reports Tőzsdeforum.