Germany's business outlook improved for a fourth consecutive month due to increased confidence in manufacturing and construction sectors.

Germany's business outlook improved for a fourth consecutive month due to increased confidence in better performances for the manufacturing and construction sectors, avoiding a recession during winter. The country's economy experienced an uptick in private-sector activity, with the fastest expansion in a year in May, primarily driven by the services sector. Consumers are expected to gradually revive the economy, benefiting from cooling inflation and strong wage gains.

May 27, 2024
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