German business sentiment improved by a record in the ifo survey in June

By: Trademagazin editor Date: 2020. 06. 24. 11:06

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The German business sentiment index of the ifo economic research institute in Munich improved in June compared to the previous month. The companies included in the survey rated their current business environment as better than before and their views on their future prospects also improved significantly.

The business sentiment index of the ifo Institute for Economic Research (ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V.) at the University of Munich rose to 86.2 points for June from 79.7 points in May. The rate of monthly growth has become the highest ever recorded in the history of the indicator since 1990 German reunification. The value of the indicator thus returned to the level of four months earlier. (MTI)