Germany: German business confidence reaches new heights in May
May 23, 2017
German business confidence rose to 114.6 points in May, up from a revised 113.0 in April (previously reported: 112.9), marking an all-time high and overshooting market expectations.
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, construction and wholesales sectors grew more optimistic, while those in the retail sector become slightly less positive compared to last month.
Author: Christopher Mc Innes, Economist