Germany: Business Climate Index shows rise
The Ifo Business Climate Index for industry and trade in Germany rose in June having fallen
slightly in the previous month.
The surveyed firms appraised their current business situation clearly more favourably than in the previous month.
This is the seventh time in succession that the current business situation has been assessed more positively.
The decline of the business expectations did not continue; this time slightly more firms expect further improvement over the next six months.
The business climate in manufacturing has brightened, according to the survey. The survey participants were again more satisfied with their current business situation. They also appraised their six-month outlook more favourably than in the previous month.
Their export expectations, however, were slightly less optimistic than in May.
