German Ifo business confidence slides in May

Source: Market Watch
© Scanpix/AFP
Business confidence in Germany slipped slightly in May to 108.5 from April's 108.6, though came in better than the expected drop to 108.4. Solid growth in the business climate remains in place this year; however, the latest reading points out that the upswing in German activity is losing fuel. PMI in Germany fell to a five-month low and German ZEW came lowest since the last month of 2014.

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