Germany's business sentiment strengthened to a two-year high in May as the lifting of restrictions related to the Covid-19 boosted expectations among managers, survey data from the ifo Institute revealed on Tuesday.
However, data released earlier in the day showed that the largest euro area economy contracted slightly more than initially estimated in the first quarter.
The business confidence index rose to 99.2 in May from 96.6 in the previous month. This was the highest value since May 2019. The reading was also above economists' forecast of 98.2.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.