empty
 
 

2021.05.2509:18:00UTC+00German Business Confidence Improves More Than Expected

German business sentiment improved more than expected in May, survey data from the ifo Institute revealed on Tuesday.

The business confidence index rose to 99.2 in May from 96.6 in the previous month. The reading was also above economists' forecast of 98.2.

Current assessment as well expectations also strengthened in May. The current conditions index came in at 95.7 versus 94.2 in the previous month and the expected reading of 95.5.

Likewise, the expectations index advanced to 102.9 from 99.2 a month ago. This was also better than the forecast of 101.4.

The institute said the German economy is picking up speed.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback