German business confidence deteriorated to a seven-month low in June as companies were markedly pessimistic about future and their assessment about current situation worsened, a monthly survey conducted by the ifo institute showed on Monday.
The business climate index slid more-than-expected to 88.5 in June from 91.5 in May. The reading was seen at 90.7. This was the lowest level since last November.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.