BERLIN (Reuters) – German business morale rose unexpectedly in May, as Europe’s largest economy shows resilience in the face of high inflation, supply chain problems and the war in Ukraine, a survey showed on Monday.
The Ifo institute said its business climax index rose to 93.0 in May following a revised reading of 91.9 in April.
A Reuters poll of analysts had pointed to a May reading of 91.4.
(Reporting by Miranda Murray and Rachel More)
