The ifo Business Climate Index rose from 114.6 points last month to 115.1 points in June, breaking last month's record. Companies were significantly more satisfied with their current business situation this month. They also expect business to improve. Germany's economy is performing very strongly.

In manufacturing the index rose slightly. Assessments of the current business situation remained unchanged at a very high level. Manufacturers are slightly more optimistic about the short-term future. Developments in demand and order levels were very favourable. Manufacturers plan to ramp up production.