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.