Germany: Business confidence reaches record high in June
June 26, 2017
German business confidence rose to 115.1 points in June, up from 114.6 in May, marking an all-time high and overshooting market expectations of a decline to 114.5 points.
According to the institute, the increase reflected the fact that businesses became much more optimistic regarding both current business conditions and business conditions over the next six months. Firms in the manufacturing, retail and wholesales sectors grew more optimistic, while those in the construction sector become slightly less positive compared to last month.
Author: Christopher Mc Innes, Economist