ifo Business Climate Index Rises (May 2022)

ifo Business Climate Index Rises (May 2022)

Sentiment in the German economy has brightened. The ifo Business Climate Index rose to 93.0 points in May, after 91.9 points in April. The companies were above all much more satisfied with their current business. In contrast, expectations barely changed, with companies remaining skeptical. The German economy has proven itself resilient in the face of inflation concerns, material bottlenecks, and the war in Ukraine. There are currently no observable signs of a recession.