Germany's business confidence unexpectedly improved in April as the economy showed its resilience after the initial shock of the Russian attack, survey data published by the ifo Institute showed on Monday.
The business climate index rose to 91.8 in April from 90.8 in March. The reading was forecast to fall to 89.1.
The improvement reflects less pessimism in companies' expectations, while their view on the current situation is minimally better.
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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.