Wednesday, May 27, 2020

27/5/20: Germany: Employment and Business Activity Show Gentle Uptick in May


Germany employment conditions improved slightly in May, based on ifo Institute survey:



The gains are in line with the Business Activity survey results:


However, both business expectations (major driver of improvement) and current conditions (remaining deeply under water and actually still deteriorating in May) are well below 2009 crisis reading:

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