Germany's business sentiment improved unexpectedly in May as companies were much more satisfied with their current business, while they remained cautious regarding the outlook, survey results from the ifo Institute showed on Monday.
The business confidence index rose to 93.0 in May from 91.9 in April, the Munich-based ifo said. The index was forecast to fall to 91.4 after a modest improvement in the previous month.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.