The ifo Business Climate Index rose to 112.9 points in April from 112.4 (seasonally adjusted) points last month. Assessments of the current business situation improved significantly. In terms of their six-month business outlook, however, companies are somewhat less optimistic. The German economy is growing strongly.

In the manufacturing sector, the index fell slightly. Manufacturers are nevertheless more satisfied with their current business situation this month. After increasing sharply last month, their business expectations, however, are somewhat less optimistic. Production is expected to rise. Companies from the electrical goods sector in particular reported very good business. Capacity utilisation remains unchanged at 86.0 percent, which is above the long-term average of 83.6 percent.