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Market Update: German Business Climate Hits 2-Year High
The Ifo Business Climate indicator for Germany rose to 99.2 in May 2021, from the previous month’s revised figure of 96.6 and above market expectations of 98.2. Business morale was at the highest level since May 2019, as companies were more satisfied with their current business situation while optimism about the coming months returned. source: Ifo Institute [/s2If]
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