Germany, Ifo index rises more than expected: 111,2 points in April

In April, the climate of confidence on the German economy improved. The Ifo index rose to 111,2 from 110,7 points in March. A better number than the consensus of economists (110,6). Assessments on the current and future situation of the German economy improve. In detail, an increase from 19,1 to 20,1 points was recorded for the manufacturing sector. For the construction sector to -3,4 from -3,5. For wholesale trade at 14,4 from 10,9. For services from 19,2 to 22,2. The only sector where the assessments worsen is that of the retail trade to 7,7 from 8,5%. The Ifo communicates it.