German business confidence improved to the highest level in more than a year in July despite heightening trade tensions, survey results from the Munich-based ifo Institute showed on Friday.
The business climate index registered 88.6 in July, up from 88.4 in the previous month. The reading was below forecast of 89.0 but it reached the highest since May 2024.
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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.