31
German business morale stagnated in May, a survey showed today, falling short of a forecast improvement and putting a stop to three consecutive months of increases.
The Ifo institute said its business climate index remained constant in May at 89.3, compared with a reading of 90.4 forecast by analysts in a Reuters poll.
Companies were less satisfied with the current business situation. Expectations, on the other hand, brightened.
Industry, trade and construction are recovering, while service providers are suffering a setback, the Ifo…