German business morale better in May as restrictions eased - British Herald
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German business morale better in May as restrictions eased

BERLIN (Europe) – German business morale saw a rebound in May recovering from its most dramatic fall yet a month ago.

This comes as German firms become increasingly optimistic as coronavirus restrictions are gradually lifted.

The business climate index rose to 79.5 from a downwardly revised 74.2 in April. A Reuters poll of economists had pointed to a reading of 78.3.

“The mood at German companies has recovered after the catastrophic previous month. The expectations for the coming months have improved significantly.”

– Clemens Fuest, Ifo President

(Photo syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.

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