German business confidence picks up after plunging on war

By AP News

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BERLIN (AP) — German business confidence has picked up slightly this month after plunging in March following , a survey showed Monday.

BERLIN (AP) — German business confidence has picked up slightly this month after plunging in March following Russia's invasion of Ukraine , a survey showed Monday.

The Ifo institute said its monthly confidence index, a closely watched indicator for Europe's biggest economy, rose to 91.8 points in April from 90.8 in March — stabilizing after a nearly eight-point fall last month.

Business managers' outlook for the next six months improved, but their assessment of the current situation was only marginally better than in March.

“After the initial shock of the Russian attack, the German economy has shown its resilience,” Ifo said in a statement.

The survey is based on monthly responses from about 9,000 businesses in various sectors.

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Author: AP News

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Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

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