German business ‘morale’ rises after plunging on war

BERLIN, April 25, (AP): German business confidence has picked up slightly this month after plunging in March following Russia’s invasion of Ukraine, a survey showed Monday.

The Ifo institute said its monthly confidence index, a closely watched indicator for Europe’s biggest economy, rose to 91.8 points in April from 90.8 in March - stabilizing after a nearly eight-point fall last month.

Business managers’ outlook for the next six months improved, but their assessment of the current situation was only marginally better than in March.