Brandenburg Gate in Berlin, Germany

Germany Business Confidence May 2023

Germany: Business confidence falls in May

Business confidence fell to 91.7 in May from April’s 93.4, the first decline in seven months.

The deterioration in May was driven by business sentiment worsening in the construction, manufacturing, services and trade sectors. The deterioration in the trade sector was especially precipitous, and was likely driven by weakness in the global economy, notably in China.

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