Germany's business confidence fell for a fifth successive month in January to its lowest level in nearly three years as firms grew more worried about the impact of a chaotic no-deal Brexit and further escalation of the global trade tensions.
The Business Climate Index fell to 99.1 in January, which is the lowest level since February 2016, from 101.0 points in December, results of the monthly survey by the ifo Institute showed on Friday. Economists had expected the reading to ease to 100.6.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.