German business confidence index slightly declines in May

Market news

22 May 2015

German business confidence index slightly declines in May

German Ifo Institute released its business confidence figures for Germany on Friday. German business confidence index slightly fell to 108.5 in May from 108.6 in April, beating expectations for a decline to 108.3. It was the first decline since October 2014.

"The German economy remains on track," Ifo President Hans-Werner Sinn said.

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