Germany's business sentiment improved unexpectedly in May as companies were much more satisfied with their current business, while they remained cautious regarding the outlook, survey results from the ifo Institute showed on Monday.
The business confidence index rose to 93.0 in May from 91.9 in April, the Munich-based ifo said. The index was forecast to fall to 91.4 after a modest improvement in the previous month.
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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.