The business climate in Germany improved in May

Investing.com – The data released on Friday showed that the IFO business climate index rose.

The IFO Research Institute said that Germany’s business climate index rose to 102.2 in May after a value of 102.1 in April.

Economists predicted that this index will rise to 102.7.

The assessment of the current situation in Germany in May rose to 106.0 in line with forecasts.

The indicator for April was revised upwards to 105.8 against the initial value of 105.7.

Germany’s business expectations index, which determines the business climate in Germany and measures the expectations of German businessmen for the next six months, fell to 98.5 this month after a value of 98.7 in April.

Analysts predicted that this figure will increase to 99.5.

The business climate index is determined on the basis of a survey of approximately 7,000 German companies in the manufacturing and construction sectors, as well as in the wholesale and retail sales sectors.