Germany's business outlook shows slight improvement in April 2023: ifo

In manufacturing, the index rose somewhat. On the one hand, optimism surrounding future developments grew noticeably. On the other, companies assessed their current business as considerably worse. Production is set to expand in the months ahead. Capacity utilisation increased slightly from 84.3 per cent to 84.5 per cent; it remains above its long-term average of 83.6 per cent, as per the ifo Business Climate Index.

In trade, the index fell slightly. Businesses were somewhat less satisfied with their current situation, but their expectations continued to turn less pessimistic. In the face of weaker sales development, many retailers remain reticent about ordering goods.

ALCHEMPro News Desk (DP)