Germany Ifo Business Climate rose slightly to 96.8 in April, up from 96.6, below expectation of 97.7. Current Assessment index rose to 94.1, up from 93.1, below expectation of 94.5. Expectations index dropped to 99.5, down form 100.3, below expectation of 101.4.
Ifo said: “Companies once again raised their assessments of the current business situation. However, they were no longer quite so optimistic about the coming six months. Both the third wave of infections and bottlenecks in intermediate products are impeding Germany’s economic recovery.”