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Alemania Actividad económica May 2023

Alemania: 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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