Ifo Business Survey for June2010

The Ifo Business Climate for industry and trade in Germany improved slightly in June. The firms are once again more satisfied with their current business situation. With regard to the business expectations for the coming half year, however, for the second month in succession they are somewhat less optimistic. Nevertheless, the business expectations continue to be confident. The economic recovery continues. The Ifo Employment Barometer for German industry and trade fell insignificantly in June after having risen eight months in succession. The employment indicator has thus stabilised in positive territory.