German business morale recovering

German business morale recovering

FRANKFURT
German business morale recovering

Confidence among German business leaders held steady in May after months of erosion, a regular survey showed on May 25, although doubts remained over the outlook for the world economy.

Haberin Devamı

The Munich-based Ifo institute reported a reading of 102.2 in its monthly barometer, the same level as April after five slips in a row.

“The German economy is performing well in a difficult international situation,” Ifo president Clemens Fuest said in a statement. Business leaders were slightly more confident about the present economic situation, the survey showed, but a little less optimistic about the future for Europe’s largest economy.

Fears have mounted for Germany, the motor of the 19-nation eurozone, as growth and confidence indicators fell off in recent months and fears of a trade conflict with the United States grew. That danger is far from dispelled, with U.S. President Donald Trump threatening this week to slap a border tax on car imports - which would hurt Germany’s auto-heavy economy.

And a June 1 deadline is approaching for Trump to decide whether to permanently exempt EU steel and aluminium imports from tariffs.

morale, recovering,


We use cookies in limited purposes and legitimate manner. You can review your data policy.