Germany's business sentiment improves as index reaches 91.1 points

The German economy is gradually working its way out of a period of weakness; expectations in particular were brighter. In manufacturing, the index rose to its highest level since May 2022 due to the companies’ notably improved expectations. Manufacturers assessed their current business as a little worse and received fewer new orders, according to the ifo Business Survey.

In trade, the index rose once again. Expectations in particular were less sceptical. Businesses were also more satisfied with their current situation. Wholesalers and retailers are getting over last year’s collapse in sentiment.

ALCHEMPro News Desk (NB)