Despite a moderate recovery in business confidence among the self-employed in Germany, they remained pessimistic in November as they have major concerns about their survival amid the risk of a recession in the biggest euro area economy, results of a survey suggested on Thursday.
The Jimdo-ifo Business Climate Index for the Self-Employed rose to minus 21.6 points, from minus 25.0 points in October.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.