2024-04-25 17:18:15
It is already the third increase in a row: the mood in the German economy has recently gotten better and better. The Ifo business climate is now up to 89.4 points.
The mood in the German economy improved again in April. The Ifo business climate rose by 1.5 points to 89.4 points compared to the previous month, as the Ifo Institute announced in Munich on Wednesday. It is the third increase in the important economic barometer in a row. After such a series, economists often speak of an economic turnaround for the better. Other leading indicators have also recently surprised positively.
Market expectations were exceeded. Analysts had expected an average of 88.8 points. The approximately 9,000 companies surveyed rated both the prospects for their future business and the current situation better than in the previous month. “The economy is stabilizing, especially thanks to service providers,” commented Ifo President Clemens Fuest. The business climate brightened in all economic sectors examined.