German Ifo business climate index at 89.3 in May, with mixed sector sentiment and fragile growth.

German business sentiment remained unchanged in May, with the Ifo institute's business climate index staying at 89.3. Companies were less satisfied with the current business situation but expectations for the future improved. Industry, trade and construction are recovering, while service providers are facing setbacks. The German economy grew by 0.2% in the first quarter of 2024, and the upswing remains fragile.

May 27, 2024
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