4/26, 10:02 AM (Source: TeleTrader)
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Ifo: Germany's April Business Climate Index lower than expected

The mood among Germany's businesses was virtually unchanged in April compared to the previous month, according to the latest research from the Munich-based Institute for Economic Research (Ifo) released on Monday.

The Ifo Business Climate Index came in at 96.8 for April, slightly higher than the previous month’s 96.6. Meanwhile, the Ifo Current Economic Assessment Index stood at 94.1 this month, while the Expectations Index was reported at 99.5.

The index measuring business sentiment came in below projections as the third wave of the coronavirus pandemic and "bottlenecks in intermediate products are impeding Germany’s economic recovery," the report noted.

Breaking the News / JC