German Industry Not Too Concerned About Brexit, Says Ifo
German business sentiment improved to the strongest level in five months in May, a sign that growth momentum in Europe’s largest economy remains strong. The Munich-based Ifo institute’s business climate index rose to 107.7 from a revised 106.7 in April. That beat the median estimate in a Bloomberg survey of economists, which was for an increase to 106.8. Clemens Fuest, president of the Ifo Institute, discussed more with Bloomberg's Francine Lacqua on "The Pulse."
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