German Business Climate Index Rises Despite Several Problems

The German Institute for Economic Research (Ifo) said its business climate index rose to 99.5 in May from 97.3 in April.

Companies in Germany are increasingly satisfied with their current business situation. Despite many problems such as inflation, bottlenecks in production parts, and the Ukraine war.

However, the business expectations index was 86.9, almost unchanged from 86.8 in April, reflecting the sector’s lack of confidence in the future.

Clemens Fuest, the president of the Ifo Institute, said, “There are currently no signs of a recession.”

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