Ifo’s German business sentiment index improved in May

German business sentiment improved further

In the monthly survey of the ifo Institute for Economic Research at the University of Munich (ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e. V.), the business sentiment index improved to 93 points from 91.9 in April. The May value is the lowest since February last year.
Experts expected a deteriorating May index of 91.4 points. (MTI)