IFO business climate survey of Germany
Softer Euro
May 23, 2014
Germany’s IFO Institute reported an unexpected drop in its proprietary German business climate index to a five-month low, claiming that “a lull was seen in the German economy in May.” The overall index fell to 110.4 from 111.2 in April. Current conditions dropped 0.5 points, while expectations fell back 1.1 points. Manufacturing, construction, wholesaling and […] More
