German business sentiment improved in May after falling for two straight months but the index remained at a low level as energy shock triggered by the near closure of the Strait of Hormuz weigh on manufacturing, survey results from the ifo Institute showed Friday. The business climate index posted 84.9 in May, up from 84.5 in April. The reading was also above economists' forecast of 84.2. Companie...
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Business News
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.