-
German business sentiment stagnates in May
German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and putting a stop to three consecutive months of increases. The Ifo institute said its business climate index remained constant in May at 89.3, compared with a reading of 90.4 forecast by analysts in a Reuters poll. Companies were less satisfied with the current business situation. Expectations, on the other hand, brightened. Industry, trade and construction are recovering, while service providers are suffering a setback, the Ifo institute said. "Germany’s economy is working its way out of the crisis step ... (full story)