Ifo’s German business sentiment index for May improved better than expected

By: Trademagazin editor Date: 2021. 05. 25. 11:12

The ifo economic research institute at the University of Munich said on Tuesday that its business sentiment index rose to 99.2 points in May from the 96.6 points of the previous month, according to its survey. Experts expected a less improving indicator, 98.2 points.

Business sentiment improved due to the surveyed business operators judging their current situation to be better than the previous month and more optimistic about the next six months, believing that the third wave of the pandemic was slowing down and the economy was easing as austerity measures eased. (MTI)