The German Ifo confidence index, which measures confidence in Germany, rose slightly in April. The index, which is based on a survey of nearly 9,000 companies in Germany, rose to 86.9 points, compared to March’s reading of 86.7 points, while expectations were lower at 85.1.
In detail, the current situation index rose to 86.4, compared to 85.7 in March, while the expectations index fell to 87.4, from 87.7 in March.
Across sectors, the index for the manufacturing sector declined after a strong rise in March, due to increased uncertainty among manufacturers. The index for the services sector improved, reaching its highest level in the construction sector since May 2023.