Germany's business sentiment strengthened at a record rate in June on strong expectations as lockdown restrictions imposed to slow the spread of the coronavirus were eased across Europe, a closely watched survey showed Wednesday.
According to the ifo Institute, the business climate index rose to a four-month high of 86.2 points from 79.7 points in May, revised from 79.5. Economists had forecast a score of 85.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.