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German business climate index in May reaches two-year high: ifo Xinhua © Provided by Xinhua The German economy is picking up speed, said Clemens Fuest, president of the ifo Institute, in a statement. German companies were more satisfied with their current business situation and also more optimistic about the coming months. BERLIN, May 25 (Xinhua) Sentiment among German managers improved considerably as the ifo business climate index in May rose to its highest level in two years, the ifo Institute announced on Tuesday. The ifo business climate index, which is based on a monthly survey of around 9,000 German companies, climbed to 99.2 points in May, up from 96.6 points in April, according to the ifo Institute.

Clemens fuestGerman economyClemens fuestGuest presidentSpeed saidClimate indexஜெர்மன் பொருளாதாரம்