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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
German business confidence was higher again in May, rising to the highest level since May 2019, the Munich-based Ifo Institute said Tuesday. The headline index rose 2.6 points to 99.2 in May, as the corporate assessment of the current situation (95.7) improved, leaving firms more optimistic over the outlook (102.9). "The German economy is picking up speed", the Ifo Institute said.
Manufacturing sentiment rose marginally with firms being more satisfied with their current situation, while their expectations dropped markedly, although "material shortages became an even more pressing concern." the survey noted.
Service sentiment jumped to the highest level since the start of the pandemic as firms are more optimistic. Expectations also increased in hospitality and tourism, with "retailers hoping the economy will open up further," the Ifo added.
Source: Ifo Institute
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.