Germany Ifo rose to 93 in May, no observable signs of recession

Germany Ifo Business Climate rose from 91.9 to 93.0 in May, above expectation of 91.4. Current Assessment index rose from 97.3 to 99.5, above expectation of 97.2. Expectations Index ticked up from 86.8 to 86.9, above expectation of 85.8. By sector, manufacturing rose from -0.7 to 2.8. Service rose from 5.5 to 8.1. Trade rose […]

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