The Ifo index fell to 110,4 points this month, from 111,2 in April – Analysts had expected a substantially stable figure on a monthly basis (110,9).
In May, business confidence in Germany let the market down. Indicating the trend of German sentiment is theIfo index, which fell to 110,4 points this month, from 111,2 in April. Analysts had expected a substantially stable figure on a monthly basis (110,9).
The indicator that measures the current situation was also down (114,8 points in May, consensus at 115,5 points), while the indicator on expectations stood at 106,2 points (consensus at 106,6 points).
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