Sentiment among German managers has improved considerably.The ifo Business Climate Index rose from 96.6 points (seasonally adjusted) in April to 99.2 points in May. This is its highest value since May 2019. Companies were more satisfied with their current business situation. They are also more optimistic regarding the coming months. The German economy is picking up speed. In the service sector, the Business Climate Index climbed to its highest value since February 2020. This was a result of much more optimistic expectations
 
Source : ifo
Post by  : Republic of Turkey Ministry of Trade